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Adjusting Entry for SuppliesThe balance in the supplies account, before adjustment at the end of the year, is $4,850. Journalize the adjusting entry required if

Adjusting Entry for SuppliesThe balance in the supplies account, before adjustment at the end of the year, is $4,850.

Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $880.

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