Each of the following columns represents a Supplies account: 1. Determine the amounts indicated by the question
Question:
Each of the following columns represents a Supplies account:
1. Determine the amounts indicated by the question marks?
2. Make the adjusting entry for column a, assuming supplies purchased are debited to an asset account?
Transcribed Image Text:
bo $264 $217 $196 $ ? Supplies on hand at July 1 Supplies purchased during the month 52 174 ,928 Supplies consumed during the month 194 972,632 Supplies on hand at July 31 ? 436 56 ,118
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1 Supplies are made either for trading purpose or for further use in the production a Closing balanc...View the full answer
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Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
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