Homework Answers
ANSWER:
Journal Entry
| Date | Acount | Debit | Credit |
| January 31 | Supplies Expenses Account | $6300 | |
| Supplies | $6300 | ||
Note : Computation of Supplies to be Expended
| Supplies Opening Balance(1) | $1500 |
| Add : Purchase(2) | $5500 |
| Supplies Available(1+2)=(3) | $7000 |
| Less: Supplies Closing balance(4) | $700 |
| Supplies Expended(3-4)=(5) | $6300 |
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On January 1, Ogden, Inc. had $1,500 of supplies on hand. During January, Ogden purchased $5,500...
need it asap!!!!! thank you!! on January 1 Ogden inc had $1500 of supplies on hand....
need it asap!!!!! thank you!! on January 1 Ogden inc had $1500 of supplies on hand. during January, Odgen purchased $5500 worth of new supplies. at the end of the month, a count revealed $700 worth of supplies remaining on the shelves. prepare the adjusting journal entry required at the end of the month. included date ...omit explanations.
Plz , I would like to check my answers if they are correct. please anyone help...
Plz , I would like to check my answers if they are
correct. please anyone help me answers these questions. thx a
lot!!
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lot!!
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