e. The unadjusted balance of the Supplies account is $3,000. The total cost of supplies on hand is $1,600. Journal Entry Accounts Debit Credit Supplies Expense e. Salary Payable

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.