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Record the journal entry for purchase of printing supplies

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Question - Speedy Printing Services purchased $6,000 of printing supplies for? cash, recording the transaction using the alternative treatment for deferred expenses. At the end of the? year, Speedy had $600 of printing supplies remaining. Record the journal entry for the purchase of printing supplies and the adjusting entry for printing supplies not used. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.)

First record the journal entry for the purchase of printing supplies.

Reference no: EM132971141

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