At the beginning of December, Coastal Corporation had $1,500 in supplies on hand. During the month,...

 

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At the beginning of December, Coastal Corporation had $1,500 in supplies on hand. During the month, supplies purchased amounted to $3,100, but by the end of the month the supplies balance was only $1,500. What is the appropriate month-end adjusting entry? iit $3.100 At the beginning of December, Coastal Corporation had $1,500 in supplies on hand. During the month, supplies purchased amounted to $3,100, but by the end of the month the supplies balance was only $1,500. What is the appropriate month-end adjusting entry? iit $3.100

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The monthend adjusting entry for supplies is needed to account for the supplies used during t... View the full answer