Question: Analyze each situation and indicate the correct dollar amount for the adjusting entry. (Trial balance is abbreviated as TB.) 1. Ending inventory of supplies is

Analyze each situation and indicate the correct dollar amount for the adjusting entry. (Trial balance is abbreviated as TB.)

1. Ending inventory of supplies is $130.


(Income Statement) Supplies Expense (Balance Sheet) Supplles 460 TB Adj. Adj. Bal.

2. Amount of supplies used is$320.

Analyze each situation and indicate the correct


(Income Statement) Supplies Expense (Balance Sheet) Supplles 460 TB Adj. Adj. Bal.

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