The beginning balance of supplies is $4000. On December 31st, the physical count of remaining supplies, $500. Record the adjusting journal entries for the supplies used during the year.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The beginning balance of supplies is $4000. On December 31st, the physical count of remaining supplies, $500. Record the
adjusting journal entries for the supplies used during the year.
Transcribed Image Text:The beginning balance of supplies is $4000. On December 31st, the physical count of remaining supplies, $500. Record the adjusting journal entries for the supplies used during the year.
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