Crane Company’s trial balance at December 31 shows Supplies $8,900 and Supplies Expense $5. On December 31, there are $1,090 of supplies on hand.
Crane Company’s trial balance at December 31 shows Supplies $8,900 and Supplies Expense $5. On December 31, there are $1,090 of supplies on hand.
Prepare the adjusting entry at December 31.
Using T accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.
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Crane Company’s trial balance at December 31 shows Supplies $8,900 and Supplies Expense $5. On December 31, there are $1,090 of supplies on hand.
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