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Business, 02.12.2021 04:10 SugaAndKookie22

Mookie The Beagle™ Concierge purchased $852 of office supplies during January 2022. At the end of the accounting period on January 31, Mookie The Beagle™ Concierge still had $472 of unused supplies on hand. The $472 of supplies is an asset with future benefit. Since Mookie The Beagle™ Concierge recorded the entire $852 as Office Supplies & Software (Expenses), an adjusting entry is needed to bring accounts up to date at January 31.

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Mookie The Beagle™ Concierge purchased $852 of office supplies during January 2022. At the end of th...
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