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Sarasota Consulting Company's general ledger showed $825 in the Supplies account on January 1, 2024. On May 31, 2024, the company paid $3,180 for
Sarasota Consulting Company's general ledger showed $825 in the Supplies account on January 1, 2024. On May 31, 2024, the company paid $3,180 for additional supplies. A count on December 31, 2024, showed $975 of supplies on hand. (a) Your answer is incorrect. Prepare the journal entry to record the purchase of supplies on May 31, 2024. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit e Supplies Expense Date Account Titles and Explanation May 31 Supplies Expense Supplies eTextbook and Media Debit Credit 4005 4005
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