What is the debit and what is the credit, Accounting Basics

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What is the debit and what is the credit

The Supplies account had a $325 debit balance on December 31, 2010; and $3,480 of supplies were purchased during 2011. The December 31, 2011, physical count showed $383 of supplies available. For a general journal what is the debit and what is the credit?

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Accounting Basics: What is the debit and what is the credit

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Accounting Basics: What is the debit and what is the credit

Reference No:- TGS071995

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the cost of goods sold for the year

Q : Determine standards of living rise-fall or stay same

Q : Manager comments reveal

Q : Investment in holister account

Q : What is the debit and what is the credit

Q : Court lacked personal jurisdiction

Q : Observe the new quantity demanded

Q : Overview to management of the national labor relations board

Q : Most consumers understand that a good credit score

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the debit and what is the credit

Reference No:- TGS071995

Recent Questions Asked Accounting Basics

Q : What is the cost of goods sold for the year

Q : Determine standards of living rise-fall or stay same

Q : Manager comments reveal

Q : Investment in holister account

Q : What is the debit and what is the credit

Q : Court lacked personal jurisdiction

Q : Observe the new quantity demanded

Q : Overview to management of the national labor relations board

Q : Most consumers understand that a good credit score

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