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During its' first year of operations a company purchased supplies totaling $ 2 8 , 8 0 0 and recorded these in an asset account.
During its' first year of operations a company purchased supplies totaling $ and recorded these in an asset account. The actual amount of supplies at yearend was $ The adjusting entry for supplies will
decrease supplies by $
decrease supplies by $
decrease expenses by $
decrease net income by $
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