Supplies on hand were $900 at the start of the year During the year, another $1,600 was
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Supplies on hand were $900 at the start of the year During the year, another $1,600 was purchased At the end of the year, it was determined that $650 of supplies were on hand.
What is the year end adjusting journal entry for supplies on hand Show both the debit and credit entries (Hint use a T account to show your calculation)
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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