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On January 1 of the current year, the Office Supplies account had a balance of $300. $2,600 of office supplies were purchased during the year

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On January 1 of the current year, the Office Supplies account had a balance of $300. $2,600 of office supplies were purchased during the year and the December 31 physical count of office supplies revealed $450 of office supplies remaining. This company's fiscal period is from January 1 to December 31. The adjusting entry on December 31 related to this transaction would involve a debit to __and a credit to

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