The supplies account had a beginning balance of $3,375 and was debited for $6,450 for supplies purchased

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The supplies account had a beginning balance of $3,375 and was debited for $6,450 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 $2,980.

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Corporate Financial Accounting

ISBN: 978-1285868783

13th edition

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

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Question Posted: Dec 22, 2016 10:00 AM

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The supplies account had a beginning balance of $3,375 and was debited for $6,450 for supplies purchased

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Corporate Financial Accounting

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