At December 31, the unadjusted trial balance of H& R Tacks reports Supplies of $ 9,000 and

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At December 31, the unadjusted trial balance of H& R Tacks reports Supplies of $ 9,000 and Supplies Expense of $ 0. On December 31, supplies costing $ 7,700 are on hand. Prepare the adjusting journal entry on December 31. In separate T- accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

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Supplies Expense E SE 1300 Supplies A ...View the full answer

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