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On January 1, Hall Company purchased $2,790 of supplies on account. On January 1, Hall Company debited Supplies Expense, which is an alternate way of

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On January 1, Hall Company purchased $2,790 of supplies on account. On January 1, Hall Company debited Supplies Expense, which is an alternate way of recording the initial expenditure. By the end of the calendar year, $370 of supplies was used. Required: Joumalize the adjusting entry on December 31 Date Account Title Deb Credit X G ? Dec. 31 (Choose one) Accounts Receivable Mavertising Expense Advertising Revete Insurance Expense Insurance Rover Indepen Interest Payable Interest Receivable Interest Revenue Prepold Advertising Prepad Insurance Prepaid Rent Rent Expense Rent Revenue Salaries Expenso Salaries Payable Service Revenu Supples Esponse Supples Tanes tapes Tess Payable Deferred Advertising Deferred Insurance Explanation Deferred Rantante

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