During December, Camp David, Inc. purchased $5,000 of supplies for use in its business. At...
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Accounting
During December, Camp David, Inc. purchased $5,000 of supplies for use in its business. At the end of December, 20% of the supplies were still on hand, but only 70% had been paid. What amounts will appear on the company's balance sheet on December 312 Supplies on Hand Oa. $5.000 b. 51.000 Oc. $4.000 Od $1,000 Accounts Payable 53,500 $1.500 51500 55.000
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