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Office supplies had a beginning balance on January 1 of $ 7 , 0 0 0 . Supplies costing $ 1 8 , 0 0

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Office supplies had a beginning balance on January 1 of $7,000. Supplies costing $18,000 were purchased during the year and recorded as office supplies in the appropriate permanent account. A count on December 31 indicated supplies on hand of $6,800.
Dr.
Cr.
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