Bravo Company had $5,100 of supplies on hand at the beginning of 2016. On March...
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Bravo Company had $5,100 of supplies on hand at the beginning of 2016. On March 31 Bravo purchased an additional $12,400 of supplies. On December 31, a physical count of revealed a total of $5,800 of supplies on hand. What dollar value of Supplies Expense will be reported in the annual financial statements?
The following is a partial unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 5/31/16 Debit Credit Accounts $25,000 Cash 60,000 Wages Expense $0 Wages Payable Bravo pays its employee weekly ($2,500 for a five day work week) on Fridays for work completed during that week. May 31 is a Tuesday. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment
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