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View Full Version : Adjusting Entries for supplies when trail balance was zero


amory
Sep 10, 2012, 11:32 AM
The trail balance for the supplies account was zero, and the trail balance for supplies expense was $5,200. If the supplies on hand as of December 31st was $780, what are the adjusting entries?

paraclete
Sep 10, 2012, 03:11 PM
Then you credit one and debit the other