anniekoz74
Sep 15, 2007, 04:33 PM
What are the adjusting entries. (I looked in my texted but I couldn't find any examples even remotely close to this question.)
The Office Supplies account had a $700 debit balance on December 31, 2007; and $3480 of office supplies were used during the year. The December 31,2008, physical count showed $298 of supplies avaailable.
The Office Supplies account had a $700 debit balance on December 31, 2007; and $3480 of office supplies were used during the year. The December 31,2008, physical count showed $298 of supplies avaailable.