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Journalize the dec adjusting entry during the year

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Reference no: EM132579827

On Jan 1, 2018, a company had supplies of $765. During the year, the company purchased $1,200 more supplies. A physical count on Dec 31, 2019 showed $125 supplies remaining.

Question 1: Journalize the Dec 31, 2019 adjusting entry

Reference no: EM132579827

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