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On January 1, Bear, Inc. had $5,000 of office supplies. $2,000 of additional purchases were made during the year. At the end of December, Bear's

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On January 1, Bear, Inc. had $5,000 of office supplies. $2,000 of additional purchases were made during the year. At the end of December, Bear's fiscal year-end, $1,500 of office supplies remains. How much office supplies expense should be recorded? $1,500$3,500$4,500$5,500$6,500$8,500

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