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37. At the beginning of December, Global Corporation had $2,800 in supplies on hand. During the month, supplies purchased amounted to $3,400, but by the

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37. At the beginning of December, Global Corporation had $2,800 in supplies on hand. During the month, supplies purchased amounted to $3,400, but by the end of the month the supplies balance was only $2,500 What is the appropriate month-end adjusting entry? O Debit supplies expense $3.700, credlit supplies $3700 O Debit supplies $3.700, credit supplies expense $3.700 O Debit cash $2.500, credit supplies $2.500 O Debit cash $3,700, credit supplies $3.700 38 The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Retained Earnings Supplies Equipment Accounts Receivable Deferred Revenue Accounts Payable Common Stock Notes Payable (due in 18 months) Interest Payable Cash $65,400 37,200 73,700 9,800 4,400 13,900 23,300 29,000 6,700 22,000 What is the amount of current liabilities? O $25,000 $20,600 O $13,900 O $54,000

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