Question: Journalize the adjusting entry needed on December 31 , the company's year-end, for each of the following independent cases affecting Guy Communications. (Click the icon
Journalize the adjusting entry needed on December 31 , the company's year-end, for each of the following independent cases affecting Guy Communications. (Click the icon to view the independent cases.) a. The beginning balance of Supplies was $6,200. During the year, the company purchased supplies costing $9,400, and at December 31 , the inventory of supplies remaining on hand is $4,000. Record the supplies expense for the year
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