Post the adjusting entry and indicate adjusted balance

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Reference no: EM131267777

Ritter Advertising Company’s trial balance at December 31 shows Supplies $8,195 and Supplies Expense $0. On December 31, there are $2,939 of supplies on hand.

Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.

Reference no: EM131267777

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Post the adjusting entry and indicate adjusted balance : Ritter Advertising Company’s trial balance at December 31 shows Supplies $8,195 and Supplies Expense $0. On December 31, there are $2,939 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the..

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