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A total of $3,800 in supplies was purchased during the year. At the end of the year $940 of the supplies were left. The adjusting
A total of $3,800 in supplies was purchased during the year. At the end of the year $940 of the supplies were left. The adjusting entry needed at the end of the year is: Multiple Choice deblt Supplies Expense $3,800; credit Supplies $3,800 deblt Supplies Expense $2,860, credit Supplies $2860 deblt Supplies Expense $940: credit Supplies $940 deblt Supplies $2,860, credit Supplies Expense $2,860 Equipment costing $15,000 with an estimated salvage value of $1,080 and an estimsted life of 4 years was purchased on October 31, 2019. Using the straight-line deprecistion methad, what is the smount of deprecistion expense to be recorded at December 31 20197 Mulupla Choice $250 53.480 $580 $1.080
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