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5 Points Question 20 On January 1, 2020 the Supplies account had a balance of $1,200. During the year the company purchased $3,400 of Supplies

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5 Points Question 20 On January 1, 2020 the Supplies account had a balance of $1,200. During the year the company purchased $3,400 of Supplies for cash. On December 31, 2020 Saul determined that there were $1,400 of supplies on hand. What entry should be made at December 31, 2020 to correctly record Supplies Expense incurred during the year. Use the editor to format your answer 2 Points Question 21 Dividends paid by a company are reported on which of the following financial statement(s)? Income statement B Statement of changes in stockholder's equity Statement of changes in stockholder's equity and statement of cash flows

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