Alpine Ski Shop’s Office Supplies balance on September 1 is $1,200 and the balance in Office…

Alpine Ski Shop’s Office Supplies balance on September 1 is $1,200 and the balance in Office Supplies Expense is $0. On September 30, there is $500 of supplies on hand. Journalize and post the adjusting entry on September 30 for the supplies used. Compute the balances of the two accounts involved. View Solution:
Alpine Ski Shop s Office Supplies balance on September 1 is

 

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