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Jan 2. Jones Company purchased $52,000 of office supplies expected to last 12 months. Mar 31 counted the office supplies and noted that $39,000 were

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Jan 2. Jones Company purchased $52,000 of office supplies expected to last 12 months. Mar 31 counted the office supplies and noted that $39,000 were on hand. Prepare the adjusting journal entry only. (Correct answers must include the correct account name. Dollar amounts should be listed as 11,000 - do not enter the dollar sign)

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