The Office Supplies account had a $380 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $448 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit C.
The Office Supplies account had a $380 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $448 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit C.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 10SPB: NOTES RECEIVABLE ENTRIES M. L. DiMaurizio had the following notes receivable transactions: REQUIRED...
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Question
How do we adjust an account for supplies?
![Journal entry worksheet
1
2
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5 6
>
The Office Supplies account had a $380 debit balance at the beginning of the
year; and $2,680 of office supplies were purchased during the year. The
December 31 physical count showed $448 of supplies available.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
С.
Record entry
Clear entry
View general journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff13622a2-0b82-48fb-aeaf-28985a842310%2F4f9df16d-dc63-4d80-9169-083989e62904%2Fbfot0g_processed.png&w=3840&q=75)
Transcribed Image Text:Journal entry worksheet
1
2
4
5 6
>
The Office Supplies account had a $380 debit balance at the beginning of the
year; and $2,680 of office supplies were purchased during the year. The
December 31 physical count showed $448 of supplies available.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
С.
Record entry
Clear entry
View general journal
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