Ryans fish house purchased supplies costing 3000 for cash


Ryan's Fish House purchased supplies costing $3,000 for cash. This amount was debited to the supplies expense account. At the end of the year, December 31, 20--, an inventory showed that supplies costing $500 remained. Prepare the adjusting entry.

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Accounting Basics: Ryans fish house purchased supplies costing 3000 for cash
Reference No:- TGS0779946

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