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djustment for Prepaid Expense The supplies account had a beginning balance of $8,340 and was debited for $4,670 for supplies purchased during the...

djustment for Prepaid Expense

The supplies account had a beginning balance of $8,340 and was debited for $4,670 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 $5,720.

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DEBIT CREDIT YEAR END supply... View the full answer

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