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At the beginning of December, Global Corporation had $1,600 in supplies on hand. During the month, supplies purchased amounted to $3,500, but by the end
At the beginning of December, Global Corporation had $1,600 in supplies on hand. During the month, supplies purchased amounted to $3,500, but by the end of the month the supplies balance was only $2,400. What is the appropriate month-end adjusting entry? 2 02.11.21 Multiple Choice Skipped O Debit supplies $2700, credit supplies expense $2,700 O Debit cash $2,700, credit supplies $2.700 O Debit cash $2,700, credit supplies $2.700 3 3:09 O Debit supplies expense $2,700, credit supplies $2,700 Skipped O Debit cash $2,400, credit supplies $2,400
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