Question: During their first year, Alldredge & Associates bought $ 3 2 , 0 0 0 worth of supplies for their CPA firm. When purchased, the

During their first year, Alldredge & Associates bought $32,000 worth of supplies for their CPA firm. When purchased, the supplies were debited to Supplies and credited to Accounts Payable.
What adjusting entry would Alldredge & Associates make if $8,000 worth of supplies were on hand at year-end?

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