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Current Attempt in Progress A company purchased office supplies costing $5900 and increased Supplies for the full amount. At the end of the accounting period,a
Current Attempt in Progress A company purchased office supplies costing $5900 and increased Supplies for the full amount. At the end of the accounting period,a physical count of office supplies revealed $980 still on hand. The appropriate adjustment to be made at the end of the period would be: increase Supplies, $4920; decrease Supplies Expense, $4920. increase Supplies Expense, $6880; decrease Supplies, $6880. increase Supplies, $980; decrease Supplies Expense, $980. increase Supplies Expense, $4920; decrease Supplies, $4920
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