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Sun Company purchased office supplies costing JOD 100,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count

Sun Company purchased office supplies costing JOD 100,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed JOD 60,000 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be

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