The Smith Company had $1,200 in office supplies at the beginning of the fiscal year. At the

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The Smith Company had $1,200 in office supplies at the beginning of the fiscal year. At the end of the fiscal year, the Smith Company took an inventory of office supplies and determined that $400 worth of supplies remained unused in the supply room.

What is the journal entry to adjust for the use of supplies at the end of the fiscal year?

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Posted Date: May 31, 2023 08:23 AM

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The Smith Company had $1,200 in office supplies at the beginning of the fiscal year. At the

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Governmental and Nonprofit Accounting

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