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Muldoon Advertising has an opening balance in its supplies account of $2,400 and purchases $3,000 of supplies during the year. A year-end physical count shows

Muldoon Advertising has an opening balance in its supplies account of $2,400 and purchases $3,000 of supplies during the year. A year-end physical count shows $2,800 in supplies inventory. Which is the appropriate adjustment at year end? Increase Supplies $2,600 Decrease Supplies Expense $2,600 O Increase Supplies Expense $2,600 Decrease Supplies $2,600 O Increase Supplies $3,000 Decrease Cash $3,000 O Increase Supplies Expense $2,800 Decrease Supplies $2,800

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