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29 Need just answer in 10 minutes. I will rate positive At the beginning of December, ABC Company had $2,500 in supplies on hand. During

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29 Need just answer in 10 minutes. I will rate positive

At the beginning of December, ABC Company had $2,500 in supplies on hand. During the month, supplies purchased amounted to $2,200, but by the end of the month the supplies balance was only $2,700. What is the appropriate month-end adjusting entry? Multiple Choice (0) Debit cash $2,000, credit supplies $2,000 Debit cash $2,700, credit supplies $2,700 Debit supplies $2,000, credit supplies expense $2,000 O Debit supplies expense $2,000, credit supplies $2,000

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