The supplies account had a beginning balance of 3375 and, Ask an Expert

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The supplies account had a beginning balance of $3,375 and was debited for $6,450 for supplies purchased during the year.

Journalize the adjusting entry required at the end of the year (December 31), assuming the amount of supplies on hand is $2,980.

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Category:- Accounting Basics
Reference No.:- M91729463

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