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D Bravo Company purchases equipment for $2,680 and supplies for $360 from Clinton Co. for $3,040 cash. The entry for this transaction will include a
D Bravo Company purchases equipment for $2,680 and supplies for $360 from Clinton Co. for $3,040 cash. The entry for this transaction will include a O debit to Equipment $2,680 and a debit to Supplies $360 for Bravo O debit to Equipment $2,680 and a debit to Supplies Expense $360 for Clinton O credit to Cash for Clinton O a debit to Cash for Bravo O credit to Accounts Payable for Bravo Question 3 Vicente Company purchased supplies costing $7,050 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $1,850 still on hand. The appropriate adjusting journal entry to be made a the end of the period would be O Debit Supplies Expense $5,200; Credit Supplies $5,200 O Debit Supplies $7,050: Credit Cash $7,050 O Debit Supplies $5,200: Credit Supplies Expense $5,200 O Debit Supplies Expense $1,850; Credit Supplies $1,850 O Debit Supplies $1,850; Credit Supplies Expense $1,850
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