Working Papers with Study Guide for Scott's College Accounting: A Career Approach, 13th
Working Papers with Study Guide for Scott's College Accounting: A Career Approach, 13th
13th Edition
ISBN: 9781337280617
Author: Scott, Cathy J.
Publisher: Cengage Learning
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Chapter 11, Problem 7DQ

A merchandising company shows $8,842 in the Supplies account on the preadjusted trial balance. After taking inventory of the actual supplies, the company still owns $3,638.

  1. a. How much was used or expired?
  2. b. Write the adjusting entry.
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please give me correct answer of this General accounting question
5/1/25 Lease Receivable 5/1/25 12/31/25 Cost of Goods Sold Sales Revenue Inventory (To record the lease) Cash Lease Receivable (To record lease payment) Lease Receivable Interest Revenue 5/1/26 Cash Lease Receivable Interest Revenue 12/31/26 Lease Receivable Interest Revenue 98000.20 65000 20456.70 20456.70 98

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Working Papers with Study Guide for Scott's College Accounting: A Career Approach, 13th

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