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Present, in journal form, the adjustments that would be made on December 31, 2021, the end of the fiscal year, for the following. The supplies
Present, in journal form, the adjustments that would be made on December 31, 2021, the end of the fiscal year, for the following.
The supplies inventory on December 31, 2020 was $6,000. Supplies costing $24,000 were acquired during the year and charged to the supplies inventory. A count on December 31, 2021 indicated supplies on hand of $2,500.
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