Accountancy, asked by ayushkabra3533, 5 months ago

Smith Company had $1,200 in office supplies at the beginning of the fiscal year. At the end of the fiscal year, Smith Company determined that $400 worth of supplies remained in the supply room. What is the journal entry to adjust for the use of supplies at the end of the fiscal year?

Answers

Answered by vinnysingh3216
1

Explanation:

Accrual accounting records revenue only when it is earned.

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