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What is the correct balance in the office supplies account

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Question 1: At December 31, 2017, the unadjusted trial balance shows Office Supplies of P60,000 and Office Supplies Expense of P101,000. The December 31, adjusting entry debited Office Supplies Expense of P17,000. After the December adjusting entries have been posted , what is the correct balance in the Office Supplies account on December 31, 2017?

Reference no: EM132625191

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