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4. The Office Supplies Inventory account shows a balance of $3,250 as of the end of the accounting period. Office Supplies on hand, as determined

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4. The Office Supplies Inventory account shows a balance of $3,250 as of the end of the accounting period. Office Supplies on hand, as determined by the physical count, amounted to only $175. Our adjustment would take the form of: 1. Debit to an asset account; credit to a revenue account. 2. Debit to an expense account; credit to a liability account. 3. Debit to an expense account; credit to an asset (or contra-asset) account. 4. Debit to an asset account; credit to an expense account. 5. Debit to a revenue account, credit to a liability account. 5. To record accrued salaries and wages at the end of the year, our adjustment would take the form of: 1. Debit to an asset account; credit to revenue account. 2. Debit to an expense account; credit to a liability account. 3. Debit to an expense account; credit to an asset (or contra-asset) account. 4. Debit to an asset account; credit to an expense account. 5. Debit to a revenue account; credit to a liability account. 6. To record estimated losses from bad debts, our adjustment would take the form of: 1. Debit to an asset account; credit to a revenue account 2. Debit to an expense account; credit to a liability account. 3. Debit to an expense account; credit to an asset (or contra-asset) account. 4. Debit to an asset account; credit to an expense account. 5. Debit to a revenue account; credit to a liability account. 7. To record accrued interest on notes receivable at year-end, our adjustment would take the form of 1. Debit to an asset account; credit to a revenue account 2. Debit to an expense account; credit to a liability account. 3. Debit to an expense account; credit to an asset (or contra-asset) account 4. Debit to an asset account; credit to an expense account. 5. Debit to a revenue account; credit to a liability account. a

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