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At the beginning of the period, a company reports a balance in office supplies of $500. During the period, the company purchases an additional $3,700
At the beginning of the period, a company reports a balance in office supplies of $500. During the period, the company purchases an additional $3,700 of office supplies for cash. By the end of the period, only $800 of office supplies remains.
Record the period-end adjusting entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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