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Business, 29.03.2021 23:40 lxlie2315

During the month, Supplies Expense was debited $1,620 for supplies purchased. The cost of supplies used during the month was $1,260. Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of the month. Independent of transaction a, assume that during the month, Supplies (asset) was debited $1,620 for supplies purchased. The total cost of supplies used during the month was $1,260. Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of the month. Received $720 of cash from clients for services provided during the current month. Paid $450 of accounts payable. Received $270 of cash from clients for revenues accrued at the end of the prior month. Received $810 of interest revenue accrued at the end of the prior month. Received $1,080 of interest revenue for the current month. Accrued $630 of interest revenue earned in the current month. Paid $1,710 of interest expense for the current month. Accrued $540 of interest expense at the end of the current month. Accrued $2,250 of commissions payable to sales staff for the current month.

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During the month, Supplies Expense was debited $1,620 for supplies purchased. The cost of supplies u...

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