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lesya [120]
3 years ago
8

The trial balance for Swifty Corporation appears as follows:

Business
1 answer:
Shkiper50 [21]3 years ago
8 0

Answer:

Explanation:

The adjusting entry for supplies is shown below:

Supplies expense A/c Dr    $115

    To supplies A/c                              $115

(Being adjusted entry recorded)

The trial balance show a supplies balance of $148 and the supplies on hand were $33, so the adjusted supply balance would be equal to

=  Supplies balance - supplies on hand

= $148 - $33

= $115

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