roperbailey
roperbailey
10.05.2021 • 
Business

During 2015, the Electra Company debited Office Supplies for $124,000 for purchases made during the year. The balance in the Office Supplies account at the beginning of 2015 was $1,000. On December 31, 2015, $2,000 of the supplies remained unused. The adjusting journal entry at 12/31/15 to recognize the supplies used would include a debit to Supplies Expense for:

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