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please answe 2 a and b Gilco pays $900 for office supplies in April and debits Office Supplies. On May 31, GilCo's year end, a

please answe 2 a and b
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Gilco pays $900 for office supplies in April and debits Office Supplies. On May 31, GilCo's year end, a physical count, finds $200 in supplies. a. What is the adjusting entry? b. If this entry is not recorded, how will it affect GilCo's financial statements

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