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Prepare the adjusting journal entries for the following transaction. Supplies for office use were purchased during the year for 8500, of which $100 remained on

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Prepare the adjusting journal entries for the following transaction. Supplies for office use were purchased during the year for 8500, of which $100 remained on hand at year end. Interest of $250 on a note revocable was earned at year-end although collection of the interest is not due until the following year. At year-end wages, payable of $2,000 advertising project had been completed for a client but nothing had been billed or collected. Redeemed a gift card for $6000 of services

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