Mathematics, 27.01.2020 16:31 ohgeezy
Office supplies: the office supplies account started the year with a $4,000 debit balance. during the year, the company purchased supplies for $13,400, which added to the office supplies account. the inventory of supplies available at the end of the year totaled $2,554.
1. the beginning balance of office supplies: (5 pts)
$4,000
2. the amount to be adjusted (show your calculation): (5 pts)
3. the ending balance of the account after the adjustment (show your calculation): (5 pts)
4. adjusting journal entry ( include description): (10 pts)
date account debit credit
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Office supplies: the office supplies account started the year with a $4,000 debit balance. during t...
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