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At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $340. During the year, Golden Gopher purchases an additional $1,700
At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $340. During the year, Golden Gopher purchases an additional $1,700 of supplies for cash. By the end of the year, only $140 of supplies remains. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense
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