Question: From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits: a. Supplies purchased, $700; Supplies on hand, $200 b. Store
From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits:
a. Supplies purchased, $700; Supplies on hand, $200
b. Store equipment, $12,000; Accumulated amortization before adjustment, $900; Amortization expense, $200
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