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Assume the unadjusted trial balance shows $1,000 of supplies and a recent count of the supplies indicates $600 on hand. The adjusting journal entry would
Assume the unadjusted trial balance shows $1,000 of supplies and a recent count of the supplies indicates $600 on hand. The adjusting journal entry would include (choose two accounts and one amount)
Dr. Supplies expense
Cr. Supplies expense
Dr. Supplies revenue
Cr. Supplies revenue
Dr. Supplies
Cr. Supplies
$400
$600
$1,000
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