DECEMBER 31, 20, ACCORDING TO THE TRIAL BALANCE, THE OFFICE SUPPLIES ACCOUNT HAS A BALANCE OF 2,100.00. ADJUSTMENT DATA REVEALS THAT 960.00 OF OFFICE SUPPLIES ARE ON HAND AT THE END OF THE PERIOD. JOURNALIZE THE ADJUSTING ENTRY.
DECEMBER 31, 20, ACCORDING TO THE TRIAL BALANCE, THE OFFICE SUPPLIES ACCOUNT HAS A BALANCE OF 2,100.00. ADJUSTMENT DATA REVEALS THAT 960.00 OF OFFICE SUPPLIES ARE ON HAND AT THE END OF THE PERIOD. JOURNALIZE THE ADJUSTING ENTRY.
DECEMBER 31, 20, ACCORDING TO THE TRIAL BALANCE, THE OFFICE SUPPLIES ACCOUNT HAS A BALANCE OF 2,100.00. ADJUSTMENT DATA REVEALS THAT 960.00 OF OFFICE SUPPLIES ARE ON HAND AT THE END OF THE PERIOD. JOURNALIZE THE ADJUSTING ENTRY.
Transcribed Image Text:DECEMBER 31, 20, ACCORDING TO THE TRIAL BALANCE, THE OFFICE SUPPLIES ACCOUNT HAS A BALANCE OF 2,100.00.
ADJUSTMENT DATA REVEALS THAT 960.00 OF OFFICE SUPPLIES ARE ON HAND AT THE END OF THE PERIOD.
JOURNALIZE THE ADJUSTING ENTRY.
Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.
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