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The adjusting entry for store supplies will be

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During the first year of Companys operations, all purchases were recorded as assets. Supplies in the amount of $25,800 were purchased. Actual year-end supplies amounted to $8,600. The adjusting entry for store supplies will be

Reference no: EM131802583

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The adjusting entry for store supplies will be : During the first year of Companys operations, all purchases were recorded as assets. Supplies in the amount of $25,800 were purchased
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