On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new supplies. At the end of 2020, after adjusting entries were recorded, the balance in the supplies account was 42,000. Supplies expense for 2020 would be:
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On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020,...
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