ADVANCED ACCOUNTING >CUSTOM<
14th Edition
ISBN: 9781265537012
Author: Hoyle
Publisher: MCG CUSTOM
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Chapter 4, Problem 9Q
To determine
Explain the way in which the parent company records the sales transaction.
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The balance in the printing supplies account on September 1 was $8,750, supplies purchased during September were $2,850, and the supplies on hand at September 30 were $2,200. The amount to be used for the appropriate adjusting entry is___. a. $6,700. b. $7,500. c. $9,400. d. $6,200.
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