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13. Jones Company Ltd. purchased supplies for $1,000 during 2014. At year-end Jones had $300 of supplies left. The company had no supplies at the

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13. Jones Company Ltd. purchased supplies for $1,000 during 2014. At year-end Jones had $300 of supplies left. The company had no supplies at the beginning of the year. The adjusting entry should (5 Points) a. debit Supplies, $700. b. debit Supplies Expense, $700. c. credit Supplies, $300. d. debit Supplies, $300. 4

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