Question: Prepare the appropriate journal entries. Include explanations and dates. 1 . Your company purchased seven months worth of office supplies on January 1 for $

Prepare the appropriate journal entries. Include explanations and dates.
1. Your company purchased seven months worth of office supplies on January 1 for $35,000. Terms: 2/10 n 30.
2. Assume the facts in problem 1. On March 31, an inventory of supplies was taken, and $22,000 worth of supplies was remaining in office supplies inventory.

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