Concerning supplies and the adjustment for supplies

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Reference no: EM131221810

Answer each of the following independent questions concerning supplies and the adjustment for supplies. a) the balance in the supplies account, before adjustment at the end of the year, is 3175$. What is the amount of the adjustment if the amount of supplies on hand at the end of the year is 925$? b) the supplies account has a balance of 600$, and the supplies expense account has a balance of 1850$ at December 31, 2011. If 2011 was the first year of operations, what was the amount of supplies purchased during the year?

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Reference no: EM131221810

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