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m_hunter75
Feb 4, 2010, 11:40 AM
A company started office supplies with 1500.00 balance. Purchased supplies for 5000.00. The inventory of available supplies at end of year is 50.How to post

Ghc318
Feb 9, 2010, 12:55 AM
IF there isn't any other info.
The entry could be:
Dr. supplies expense
Cr. Supplies
The amount would be (Begin balance + Purchases) - end balance