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During the first year of Bottlebrush Co.'s operations, all purchases were recorded as expenses. Supplies in the amount of $18,400 were purchased. Actual year-end supplies
During the first year of Bottlebrush Co.'s operations, all purchases were recorded as expenses. Supplies in the amount of $18,400 were purchased. Actual year-end supplies amounted to $4,800. The adjusting entry for store supplies will a. increase net income b $13.600. b. increase assets by $4,800. C. decrease supplies by $4,800. d. debit Accounts Payable for $4.800.
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