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Winston Corp had 1800 of supplies on hand at January 1 During the year supplies with a cost of 4000 were purchased At December 31 the actual supplies on hand amount to 1300 After

Winston Corp. had $1,800 of supplies on hand at January 1. During the year, supplies with a cost of $4,000 were purchased. At December 31, the actual supplies on hand amount to $1,300. After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts.

Supplies Supplies Expense

a. $1,300 $4,500

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b. $5,300 $5,800

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c. $1,300 $5,800

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d. $1,800 $4,500

Mar 17 2020 Read more Less More

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Winston Corp had 1800 of supplies on hand at January 1 During the year supplies with a cost of 4000 were purchased At December 31 the actual supplies on hand amount to 1300 After

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