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On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. On December 31st, the fiscal year end for Green Pea, it is

On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. On December 31st, the fiscal year end for Green Pea, it is determined that $700 dollars of supplies still remain. What is the balance in the supplies account after adjustment? a. $600 b. $700 c. $500 d. $1,200

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