E#7-Compatibility Mode Fille Home Insert Page Layout Formulas Data Review View H

Question

E#7-Compatibility Mode Fille Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do % Cut Copy Calibri .111-Ka"?? ?· wrap ext General ·?·a- ???Merge & Center. $. %, 1 Conditional Format as Formatting- Table- B 1 u· , Format Painter Font Number P2 Journal Entry Assignment #7 Due: April 6 Juno Company had $500 of office supplies available at the beginning of the current year. During the year Juno Company purchased $2.750 worth of office supplies. On December 31 of this year $375 worth of office supplies remained. Prepare the journal entry to adjust the supplies account General Journal 10 Generaliournal

Explanation / Answer

Solution: Following is the required adjustment entry:

Particulars Debit ($) Credit ($) Supplies Expense(500+2750-375) 2,875 Supplies 2,875

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