Question: Present the adjusting entries that would be made on December 31 2023, the end of the fiscal year. The supplies on December 11 2022 was

Present the adjusting entries that would be made on December 31 2023, the end of the fiscal year. The supplies on December 11 2022 was $9,000 supplies costing $15,000 were purchased in cash on September 30 2023. A count on December 30 2023 indicated supplies on hand of $8,000. There was no transaction related to supplies during the fiscal year ending December 31, 2023. Provide the adjusting entry for supplies on December 31, 2023.

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