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A company started the year with$200 of supplies. During theyear, the company purchased an additional$1,400 of supplies. There were$600 of supplies on hand at the
A company started the year with$200 of supplies. During theyear, the company purchased an additional$1,400 of supplies. There were$600 of supplies on hand at the end of the year. An adjusting entry prepared at the end of the accounting period includesa:
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