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On December 31 of the current year, Company's bookkeeper made an entry debiting Supplies Expense and crediting Supplies on Hand for $12,600. The Supplies on
On December 31 of the current year, Company's bookkeeper made an entry debiting Supplies Expense and crediting Supplies on Hand for $12,600. The Supplies on Hand account had a $15,300 debit balance on January 1. The December 31 balance sheet showed Supplies on Hand of $11,400. Only one purchase of supplies was made during the month, on account. The entry for that purchase was? Debit and credit which account and or how much
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