The supplies account had a beginning balance of $1,245 and was debited for $2,860 for supplies purchased

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The supplies account had a beginning balance of $1,245 and was debited for $2,860 for supplies purchased during the year. Journalize the adjusting entry required at the end of the year assuming the amount of supplies on hand is $1,349.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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