Analyze each situation and indicate the correct dollar amount for the adjusting entry. (Trial balance is abbreviated
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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.
2. Amount of supplies used is$320.
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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