c. The beginning balance of Supplies was $2,500. During the year, Commodores Welding Services purchased supplies...

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c. The beginning balance of Supplies was $2,500. During the year, Commodores Welding Services purchased supplies for $3,000, and at December 31 the supplies on hand totaled $1,700. (Assume that Commodores Welding Services debits an asset account when supplies are purchased.) Date (c) Dec. 31 Accounts and Explanation Debit Credit c. The beginning balance of Supplies was $2,500. During the year, Commodores Welding Services purchased supplies for $3,000, and at December 31 the supplies on hand totaled $1,700. (Assume that Commodores Welding Services debits an asset account when supplies are purchased.) Date (c) Dec. 31 Accounts and Explanation Debit Credit