Supplies Supplies Expense Bal. 2,550 Bal. 7,120

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The supplies and supplies expense accounts at December 31, after adjusting entries have been posted at the end of the first year of operations, are shown in the following T accounts:

Determine the amount of supplies purchased during the year

Supplies
Supplies Expense
Bal.
2,550
Bal.
7,120
Transcribed Image Text:Supplies Supplies Expense Bal. 2,550 Bal. 7,120
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