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Business, 23.07.2019 03:10 mmaglaya1

The supplies account had a balance at the beginning of year 3 of $8900 (before the reversing entry). payments for purchases of supplies during year 3 amounted to $53300 and were recorded as expense. a physical count at the end of year 3 revealed supplies costing $14900 were on hand. reversing entries are used by this company. the required adjusting entry at the end of year 3 will include a debit to:

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The supplies account had a balance at the beginning of year 3 of $8900 (before the reversing entry)....

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