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please show working 4. A $375 purchase of supplies on account was recorded by debiting Supplies for $375 and crediting Cash for $375. What is

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4. A $375 purchase of supplies on account was recorded by debiting Supplies for $375 and crediting Cash for $375. What is the journal entry needed to correct this error? 5. Allied, Inc, bought a two-year insurance policy on August 1 for $3,600. What is the adjusting journal entry on December 31

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