Bird-Kultgen, Inc., experienced four situations for its supplies. Compute the amounts indicated by question marks for each

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Bird-Kultgen, Inc., experienced four situations for its supplies. Compute the amounts indicated by question marks for each situation. For situations 1 and 2, journalize the needed transaction. Consider each situation separately.

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Financial Accounting

ISBN: 978-0135012840

7th edition

Authors: Walter T. Harrison, Charles T. Horngren

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Question Posted: Aug 04, 2016 10:17 AM

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Bird-Kultgen, Inc., experienced four situations for its supplies. Compute the amounts indicated by question marks for each

Question:

Situation 4 Beginning supplies 500 $1,000 $300 $ 900 Payments for supplies during the year Total cost to account for.... 1,300 ?1,100 ?2,000 ?3,100 Ending supplies Supplies expense 400 500 700 $ 900 $$700 $1,400

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Financial Accounting

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