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On June 1, Perry, Inc. purchased $2,800 worth of supplies on account. Prior to the purchase, the balance in the supplies account was $450.
On June 1, Perry, Inc. purchased $2,800 worth of supplies on account. Prior to the purchase, the balance in the supplies account was $450. On December 31, the fiscal year-end for Luna, it is determined that $2,600 of supplies still remain. What is the ending balance in the supplies account on the balance sheet? A $650 B $0 C) $2,600 D) $3,250 G Ad
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