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Prepare adjusting entries for the first reporting period ending June 30 th. Balance of supplies account on June 1st: $600. Supplies on hand June 30th
Prepare adjusting entries for the first reporting period ending June 30 th. Balance of supplies account on June 1st: $600. Supplies on hand June 30th is $50. Rent was paid for 12 month period on January 15 th for $12,000. A 6 month insurance policy was purchased January 1 st for $1200
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