Supplies on Hand Were $900 at the Start of the Year

question 59

Essay

Supplies on hand were $900 at the start of the year. At the end of the year, it was determined that $350 of supplies had been used. What is the adjusting entry for supplies?

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Definitions:

Glass Ceiling

An invisible barrier that prevents women and minorities from advancing to the highest levels of the corporate ladder, regardless of qualifications or achievements.

Discrimination

The unfair treatment of individuals based on their race, age, sex, nationality, or other characteristics.

Reluctant

Feeling or showing aversion, hesitation, or unwillingness.

Workforce Diversity

The range of differences among individuals in an organization, including but not limited to race, gender, age, national origin, disability, and sexual orientation.