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Kolb Company purchased supplies costing $ 1 , 5 0 0 on August 1 . A quick count of supplies on August 3 1 showed

Kolb Company purchased supplies costing
$1,500 on August 1. A quick count of
supplies on August 31 showed that only
$450 of supplies were still on hand. The
adjusting entry to record this would
involve a debit to supplies expense for
what amount?
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