Solution-Record the adjusting entry

Record the adjusting entry

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Reference no: EM131096367

When supplies are purchased they are recorded as an asset. An end of period stock-take (count) revealed a closing balance of $12,000. There was no opening balance and during the period $22,000 of supplies were purchased. Record the adjusting entry.

Reference no: EM131096367

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Record the adjusting entry

Reference no: EM131096367

Reference no: EM131096367

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