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Federer corp had 2400 of supplies on hand at january 1

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Federer Corp. had $2,400 of supplies on hand at January 1. During the year, supplies with a cost of $4,000 were purchased. At December 31, the actual supplies on hand amount to $2,000. After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts.

Reference no: EM13581299

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