The supplies account had a beginning balance of $2,400 and was debited for $3,975 for supplies purchased

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The supplies account had a beginning balance of $2,400 and was debited for $3,975 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 $1,375.

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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