Using the data from Exercise 3-1, record the adjusting entries at the end of July to record

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Using the data from Exercise 3-1, record the adjusting entries at the end of July to record the insurance expense and supplies expense. There were $280 of supplies on hand as of July 31. Identify the adjusting entry for insurance as (a1) and supplies as (a2).


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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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