Business, 24.05.2021 16:00 nisha87

On December 31, the trial balance indicates that the supplies account has a balance, prior to the adjusting entry, of $295. A physical count of the supplies inventory shows that $108 of supplies remain. Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)

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On December 31, the trial balance indicates that the supplies account has a balance, prior to the ad...

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