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Explain the steps of how to record the following transaction: (don't record the transaction on the software) The company is adjusting the accounts Montly. Journalize

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Explain the steps of how to record the following transaction: (don't record the transaction on the software) The company is adjusting the accounts Montly. Journalize the adjusting entries at June 30, 2017 for the month of June. Supplies on hand at June 30 is $ 1,500. The trial balance shows an amount of supplies equal to $5,000

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