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Make adjusting entries required of financial statements

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The Office Supplies account had a $440 debit balance at the beginning of December. During December, $5,288 of office supplies are purchased. A physical count of supplies at December 31 shows $579 of supplies available.

Problem 1: For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31.

Reference no: EM132756670

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