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Prepare journal entries to record purchase of supplies

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Reference no: EM132718200

Question - Sandhills Co. general ledger showed $795 in the supplies account on January 1, 2021. On May 31, 2021, the company paid $3150 for additional supplies. A count on December 31, 2021 showed $945 of supplies on hand.

Required - Prepare journal entries to record purchase of supplies on May 31, 2021.

Reference no: EM132718200

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