4 Points The balance in the office supplies account on June 1 was$16,300, supplies purchased during June were $4,300, andthe supplies on hand at June 30 were $3,100. The amount tobe used for the appropriate adjusting entry is:a. $16,700.b. $17,500.c. $19,200.d. $16,200.

Explanation of Beginning Balance:The Beginning Balance refers to the value of supplies or assets…

Answered: The balance in the office supplies…

College Accounting (Book Only): A Career Approach

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Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 4PA: The following accounts appear in the ledger of Celso and Company as of June 30, the end of this...

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The balance in the office supplies account on June 1 was $16,300, supplies purchased during June were $4,300, and the supplies on hand at June 30 were $3,100. The amount to be used for the appropriate adjusting entry is: a. $16,700. b. $17,500. c. $19,200. d. $16,200.