15. At the beginning of the month Jones Co. had an opening balance in Supplies of $1100. During the month they purchased an additional $1600 worth of supplies. At month end, $700 worth of office supplies were in ending inventory. Prepare the journal entry to adjust for the Supplies used. How much did you debit?
15. At the beginning of the month Jones Co. had an opening balance in Supplies of $1100. During the month they purchased an additional $1600 worth of supplies. At month end, $700 worth of office supplies were in ending inventory. Prepare the journal entry to adjust for the Supplies used. How much did you debit?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:15. At the beginning of the month Jones Co. had an opening balance in Supplies of $1100. During the
month they purchased an additional $1600 worth of supplies. At month end, $700 worth of office
supplies were in ending inventory.
Prepare the journal entry to adjust for the Supplies used. How much did you debit?
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