Ryans Fish House purchased supplies costing $3,000 for cash. This amount was debited to the supplies expense

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Ryan’s Fish House purchased supplies costing $3,000 for cash. This amount was debited to the supplies expense account. At the end of the year, December 31, 20--, an inventory showed that supplies costing $500 remained. Prepare the adjusting entry.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 09:40 AM

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Ryans Fish House purchased supplies costing $3,000 for cash. This amount was debited to the supplies expense

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College Accounting

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