A $1500 check written for supplies was journalized and posted as $150. the entry to correct this error is debit equipped $1350, credit cash $1350.
Supply is the amount of resources that firms, producers, workers, providers of financial assets, or other economic agents are willing to offer to markets or individuals. Supplies can be products, labor, raw materials, or other rare or valuable items.
Supply is the basic economic term for the total amount of a particular good or service available to consumers. Supply can refer to the quantity available at a particular price or the quantity available across the price range displayed on the chart.
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