Indicate the adjusted balance in each account

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Reference no: EM131126881

Gleason Advertising Company's trial balance at december 31 shows advertising supplies $6,700 and advertising supplies expence 0. On Deceber 31, there are 1, 700 of supplies on hand. Prepare the adjusting entry at December 31, and using T accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.

Reference no: EM131126881

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