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At the beginning of the period, Divina, Inc. had $3,600 in the asset account, Supplies. During the period, it purchased $1,600 of additional items, debiting
At the beginning of the period, Divina, Inc. had $3,600 in the asset account, Supplies. During the period, it purchased $1,600 of additional items, debiting the Supplies asset account. At the end of the period, Divina determined that only $1,200 of supplies were still on hand. What adjusting entry should Oliver, Inc. make at the end of the period
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