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Prepare the adjusting entry at december

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Question - Music Production Company's trial balance at December 31, 2019 shows Supplies $2,800 and Supplies expense $0. On December 31, there are $2,000 of supplies on hand. Prepare the adjusting entry at December 31 and using the T-accounts, enter the balances in the accounts, post adjusting entry, and indicate the adjusted balance in each account.

Reference no: EM132557023

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