at the beginning of december, global Corp had $3000 in supplies on hand. During the month,...

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at the beginning of december, global Corp had $3000 in supplies on hand. During the month,...

at the beginning of december, global Corp had $3000 in supplies on hand. During the month, supplies purchased amounted to $2700 what is the appropriate month-end adjusting entry?

business accounting

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Answer 1

Answer #1

Adjusting Entry Date Grneral Journal Supplies Expenses Supplies (3000+2700-300) (To Record Supplies) Debit Credit $ 5,400 $ 5

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Answer 2

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at the beginning of december, global Corp had $3000 in supplies on hand. During the month,...

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at the beginning of december, global Corp had $3000 in supplies on hand. During the month,...

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at the beginning of december, global Corp had $3000 in supplies on hand. During the month,...

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at the beginning of december, global Corp had $3000 in supplies on hand. During the month,...