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6. The River Real Estate Companys Supplies account balance at the end of the period is $88,000. Supplies totaling $75,200 have been purchased during the
6. The River Real Estate Companys Supplies account balance at the end of the period is $88,000. Supplies totaling $75,200 have been purchased during the period and debited to Supplies. A physical count shows $20,000 worth of supplies on hand at the end of the period. The proper adjusting entry is: A) Supplies Expense 68,000 Supplies 68,000 B) Supplies Expense 75,200 Supplies 75,200 C) Supplies 20,000 Supplies Expense 20,000 D) Supplies Expense 18,400 Supplies 18,400
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