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Analysis of Adjusting Entry for Supplies Analyze each situation and indicate the correct dollar amount for the adjusting entry. (Trial balance is abbreviated as TB.)

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Analysis of Adjusting Entry for Supplies Analyze each situation and indicate the correct dollar amount for the adjusting entry. (Trial balance is abbreviated as TB.) 1. Ending inventory of supplies is $250. (Balance Sheet) Supplies TB 630 Adj. Bal. (Income Statement) Supplies Expense Adj. 2. Amount of supplies used is $210. (Balance Sheet) Supplies TB 400 Adj. Bal. (Income Statement) Supplies Expense Adj

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