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e. The company began October with $50 of office supplies on hand. On October 10, the company purchased office supplies on account of $100.
e. The company began October with $50 of office supplies on hand. On October 10, the company purchased office supplies on account of $100. The company recorded a $100 debit to Office Supplies and a $100 credit to Accounts Payable. The company used $120 of office supplies during October. Oct 31 Adjustment Not recorded Assets Balance Sheet Liabilities Equity Income Statement Revenue Expenses
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