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Ochre Company purchased equipment on 11/1/22 and issued a 3-month, 6% note with a face value of $130,000. One of the 12/31/22 adjusting entries
Ochre Company purchased equipment on 11/1/22 and issued a 3-month, 6% note with a face value of $130,000. One of the 12/31/22 adjusting entries is: a Dr. Interest Expense and Cr. Interest Payable for $7,800. b Dr. Interest Expense and Cr. Interest Payable for $5,200. C Dr. Interest Expense and Cr. Cash for $1,300. d Dr. Interest Expense and Cr. Interest Payable for $1,300. Maxwell Inc. reported supplies expense of $2,000,000 this year. The supplies account decreased by $200,000 during the year to an ending balance of $400,000. What was the cost of supplies that Maxwell purchased during the year? $1,600,000 $1,800,000 a b C $2,200,000 d $2,400,000
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