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| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A company usually determines the amount of supplies used during a period by: \
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adding the supplies on hand to the balance of the Supplies account.
summing the amount of supplies purchased during the period.
taking the difference between the supplies purchased and the supplies paid for during the period.
taking the difference between the balance of the Supplies account and the cost of supplies on hand.
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| . The final step in the accounting cycle is to prepare: |
closing entries.
financial statements.
a post-closing trial balance.
adjusting entries.
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