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At the beginning of December, ABC Company had $2,000 in supplies on hand. During the month, supplies purchased amounted to $3,900, but by the end
At the beginning of December, ABC Company had $2,000 in supplies on hand. During the month, supplies purchased amounted to $3,900, but by the end of the month the suppiles balance was only $1,300. What is the appropriate month-end adjusting entry? Multiple Choice Debit supplies $4,600, credit supplies expense $4,600 Debit cash $1,300, credit supplies $1,300 Debit supplies expense $4,600, credit supplies $4,600 Debit cash $4,600, credit supplies $4,600
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