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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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Chapter 11 Solutions

Bundle: College Accounting: A Career Approach (with QuickBooks Online), Loose-leaf Version,13th + CengageNOWV2, 1 term (6 months) Printed Access

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