The supplies account had a beginning balance of $1,763. Supplies purchased during the period totaled $3,457. At the end of the period before adjustment, $541 of supplies was on hand. Journalize the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.

The supplies account had a beginning balance of $1,763. Supplies purchased during the period totaled $3,457. At the end of the period before adjustment, $541 of supplies was on hand. Journalize the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.

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Description: The supplies account had a beginning balance of $1,763. Supplies purchased during the period totaled $3,457. At the end of the period before adjustment, $541 of supplies was on hand. Journalize the adjusting entry for supplies. If an amount box does

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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