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Before adjustment, ABC Co. had a $5,000 balance in its Supplies account. On the financial statement date, it was determined that $300 remained on hand

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Before adjustment, ABC Co. had a $5,000 balance in its Supplies account. On the financial statement date, it was determined that $300 remained on hand The Balance in the Supplies account after adjustment will be Unaffected O $300 $4,700 O $5,000

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