Before recording adjusting entries on December 31, the Store Supplies account had a $1,900 debit balance,...

 

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Before recording adjusting entries on December 31, the Store Supplies account had a $1,900 debit balance, while a physical count of the supplies showed $300 of unused supplies on hand. Prepare the required adjusting entry. Before recording adjusting entries on December 31, the Store Supplies account had a $1,900 debit balance, while a physical count of the supplies showed $300 of unused supplies on hand. Prepare the required adjusting entry.

Answer rating: 100% (QA)

Adjusting Entry Account Debit Credit Store Supplies Expense 1600 Store ... View the full answer