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Question 3 0.25/1 View Policies Show Attempt History You are viewing Attempt 3 Sain Advertising Ltds opening trial balance o
Attempts: 3 Part 2 Calculate the amount of supplies used during the month. Supplies used $ Attempts: 0 of 3 Part 3
Part 3 Prepare the adjusting entry required at January 31, assuming adjusting entries are prepared monthly. (Credit account t
Part 4 Using T accounts, enter the opening balances in the affected accounts, post the journal entries above, and indicate th
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Solution: a) Supplies at Jan 1 Add : Supplies purchased Less : Supplies at Jan 31 Supplies used 1730 2790 -1560 2960 b) DateSupplies 1730 Jan 31. 2790 1560| Jan 1. Jan 11. Jan 31. 2960 Jan 31. Jan 31. Supplies expense 2960 2960

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