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Pain-Free Dental Group Inc. purchased dental supplies of $12,800 during the year. At the end of the year, a physical count of supplies showed $1,475
Pain-Free Dental Group Inc. purchased dental supplies of $12,800 during the year. At the end of the year, a physical count of supplies showed $1,475 of supplies on hand.
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1.Prepare the adjusting entry needed at the end of the year.
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