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Provide the adjusting entry on 31 december

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At Wiki Co., all supply purchases were recorded as expenses. The balance sheet on 12/31/2017 reports a balance for Supplies in the amount of $800. During the year the firm purchased $2,000 supplies. On 12/31/2018, actual supplies on hand amounted to $5,600. Provide the adjusting entry on 12/31/2018.

Reference no: EM132378721

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