Business
Business, 30.05.2020 22:58, lilly198o

On September 1, Jenkins Company purchased $2,520 of supplies on account. By the end of the calendar year, $2,000 of supplies remains. Required: 1. How much has been expensed by the end of the year? 2. How much will be in the Supplies account at the end of the year, after the adjusting entries have been prepared and posted?

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