How to make book the adjusting entry

Reference no: EM132648223

Question 1. On December 15, 2014 Jones Inc. received their telephone bill for $200. Jones decides to pay the bill at a later time.

Question 2. At December 31, 2014 the company took an inventory of supplies and found $10,000 on hand. Be sure to book the adjusting entry.

Reference no: EM132648223

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