Business, 19.12.2019 19:31 MrTeriffic

Lake of fire company purchased supplies costing $7,000 and debited supplies for the full amount. at the end of the accounting period, a physical count of supplies revealed $1,900 still on hand. the appropriate adjusting journal entry to be made at the end of the period would ) will include a debit to ticket revenue and a credit to unearned ticket revenue for $80,000.b) is not required. no adjusting entries will be made until the end of the season in november. c) will include a debit to cash and a credit to ticket revenue for $60,000.d) will include a debit to unearned ticket revenue and a credit to ticket revenue for $90,000.

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Lake of fire company purchased supplies costing $7,000 and debited supplies for the full amount. at...

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