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MC Qu. 261 The Unadjusted Trial Balance columns of... The Unadjusted Trial Balance columns of a...

Question:

MC Qu. 261 The Unadjusted Trial Balance columns of... The Unadjusted Trial Balance columns of a companys work sheet shows the Store Supplies account with a balance of $750 The Adjustments columns shows a credit of $425 for supplies used during the period The amount shown as Store Supplies in the Balance Sheet columns of the work sheet is Multiple Chaice $325 debr $325 credn 。 $425 debit
MC Qu. 261 The Unadjusted Trial Balance columns of... The Unadjusted Trial Balance columns of a company's work sheet shows the Store Supplies account with a balance of $750 The Adjustments columns shows a credit of $425 for supplies used during the period The amount shown as Store Supplies in the Balance Sheet columns of the work sheet is Multiple Chaice $325 debr $325 credn 。 $425 debit

Answers

Answer: Computation of the amount shown as Store Supplies in the balance Sheet columns of the work sheet: The Store Supplies is the current asset and it has a debit balance in the unadjusted trial balance Particulars Debit Balance of Store Supplies in unadjusted trial balance Less: Credit balanceof Store Supplies in adjustments Amount of Store Supplies in the Balance Sheet 750 325 Thus, the amount shown as Store Supplies in the balance Sheet columns of the work sheet is $325 debit.

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