When you are preparing journal entries
When you are preparing journal entries and the event is $4,000 in supplies were used, how do you record that as a debit and a credit? I assume that you would credit the $4,000 to supplies but what would you debit to make it balance?
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Explain how reported accounting numbers might affect an individual's perceptions and actions. Cite two examples. CA1-7 Some argue that having various organizations establish accounting principles is wasteful and inefficient.
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