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Category > Accounting Posted 23 Aug 2017 My Price 7.00

Adjusting entries for supplies: Missing Data

Adjusting entries for supplies: Missing Data

e5A. Each of the following columns represents a Supplies account:

 

 

a

b

c

d

Supplies on hand at June 1

$264

$217

$196

$       ?

Supplies purchased during the month

52

?

174

1,928

Supplies consumed during the month

194

972

?

1,632

Supplies on hand at June 30

?

436

56

1,118

1.    Determine the amounts indicated by the question marks.

2.    Make the adjusting entry for column a, assuming supplies purchased are debited to an asset account.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 10:08 PM My Price 7.00

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