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Adjustment for Prepaid Expense The supplies account had a beginning balance of $4,360 and was debited for $2,350 for supplies purchased during the year. Journalize

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Adjustment for Prepaid Expense The supplies account had a beginning balance of $4,360 and was debited for $2,350 for supplies purchased during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $1,410. If an amount box does not require an entry, leave it blank

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