9. Bee-In-The-Bonnet Company purchased office supplies costing $8,000 and debited Supplies for the full amount. At...
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9. Bee-In-The-Bonnet Company purchased office supplies costing $8,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2,200 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be * Debit Supplies, $2,200; Credit Supplies Expense, $2,200. Debit Supplies, $5,800; Credit Supplies Expense, $5,800. Debit Supplies Expense, $2,200; Credit Supplies, $2,200. Debit Supplies Expense, $5,800; Credit Supplies, $5,800. 9. Bee-In-The-Bonnet Company purchased office supplies costing $8,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2,200 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be * Debit Supplies, $2,200; Credit Supplies Expense, $2,200. Debit Supplies, $5,800; Credit Supplies Expense, $5,800. Debit Supplies Expense, $2,200; Credit Supplies, $2,200. Debit Supplies Expense, $5,800; Credit Supplies, $5,800.
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Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date:
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