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Howe Inc. has supplies on hand of $2, 300 on January 1, 2014. During the year, the company purchases $1, 600 of supplies. At the
Howe Inc. has supplies on hand of $2, 300 on January 1, 2014. During the year, the company purchases $1, 600 of supplies. At the end of the year, there are $100 of supplies on hand. What is the amount of supplies that were used up during the year? $_______ What adjusting journal entry does Howe Inc. need to make at December 31, 2014 to record the amount of supplies used up
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