Companay A purchased $10,000 of supplies in December 1. On Dec 31, Company A takes physcial...

  

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Companay A purchased $10,000 of supplies in December 1. On Dec 31, Company A takes physcial count of its remaining unsued supplies and finds $7,200 of supplies reamaining of the $10,000 total supplies. On Dec 1, 2015, the following journal entries should be made: Date Account Name Debit Credit EQUITY Asset Liabilities Common Stock Dividend Revenue Expense On Dec 31, 2015, the following journal entries should be made: Account Name Date Debit Credit SELLER BUYER IFFF DFFE JEFE DEFE Companay A purchased $10,000 of supplies in December 1. On Dec 31, Company A takes physcial count of its remaining unsued supplies and finds $7,200 of supplies reamaining of the $10,000 total supplies. On Dec 1, 2015, the following journal entries should be made: Date Account Name Debit Credit EQUITY Asset Liabilities Common Stock Dividend Revenue Expense On Dec 31, 2015, the following journal entries should be made: Account Name Date Debit Credit SELLER BUYER IFFF DFFE JEFE DEFE

Answer rating: 100% (QA)

Date Account name Debit Credit 1 Dec Supplies 10000 Cash 10000 ... View the full answer