The supplies account had a beginning balance of $1,975 and was debited for $4,125 for supplies purchased

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The supplies account had a beginning balance of $1,975 and was debited for $4,125 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 $1,850.

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 06:48 AM

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The supplies account had a beginning balance of $1,975 and was debited for $4,125 for supplies purchased

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Corporate Financial Accounting

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