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Prin of Financial Accounting-41 (25FA)
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What is the adjusting entry for the following:
Supplies started with a $1 balance and $27 were purchased in January 2025. Supplies remaining on January 31st was $11.
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The knowledge of accounting is rarely used to help make business and personal financial decisions.
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100%
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Accounting starts with economic activities that accountants review and evaluate using critical thinking and judgment to create useful information that helps individuals make good decisions.
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Accounting is the information system that measures business activities, processes the information into reports, and communicates the results to decision makers.
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