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Buzzy Inc. has the following information available for 2023: . At the beginning of December, the Supplies account had a balance of $4,000. On December
Buzzy Inc. has the following information available for 2023: . At the beginning of December, the "Supplies" account had a balance of $4,000. On December 9, supplies costing $8,000 were purchased on account. On December 31, 2023, a physical count shows supplies costing $3,000 still remain unused. Required: In the general journal below, complete the adjusting entry needed on Dec 31, 2023 related to supplies. Date Account Name: 12/31/23
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Buzzy Inc. has the following information available for 2023 : At the beginning of December, the "Supplies" account had a balance of $4,000. - On December 9 , supplies costing $8,000 were purchased on account. - On December 31,2023 , a physical count shows supplies costing $3,000 still remain unused. Required: In the general journal below, complete the adjusting entry needed on Dec 31,2023 related to suppliesStep by Step Solution
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