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Fun Spot purchased supplies for $5,000 on 12/1. As of 12/31, there were $2,000 of supplies remaining in inventory. What account is debited and what

Fun Spot purchased supplies for $5,000 on 12/1. As of 12/31, there were $2,000 of supplies remaining in inventory. What account is debited and what account is credited in the adjusting journal entry required on 12/31 before the financial statements are prepared? (Select ALL that apply) Group of answer choices

Debit Supplies Expense for $3,000

Credit Supplies Expense for $2,000

Debit Supplies Payable for $3,000

Credit Supplies Payable for $5,000

Debit Supplies for $2,000

Credit Supplies for $3,000

Debit Accounts Payable for $5,000

Credit Accounts Payable for $3,000

Debit Accounts Receivable for $5,000

Credit Accounts Receivable for $3,000

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