Emiline Company records purchases of office supplies in the Office supplies account and adjusts the account...
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Emiline Company records purchases of office supplies in the Office supplies account and adjusts the account balance at the end of the period. Emiline's Office supplies account had a $10,000 balance on January 1, 2023. A count of office supplies on hand at December 31, 2023 revealed $4,000 of supplies. During the year Emiline made purchases of supplies totaling $69,000. When the adjusting entries are prepared on December 31, 2023, what is the amount Emiline will record for Office supplies expense? Emiline Company records purchases of office supplies in the Office supplies account and adjusts the account balance at the end of the period. Emiline's Office supplies account had a $10,000 balance on January 1, 2023. A count of office supplies on hand at December 31, 2023 revealed $4,000 of supplies. During the year Emiline made purchases of supplies totaling $69,000. When the adjusting entries are prepared on December 31, 2023, what is the amount Emiline will record for Office supplies expense?
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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