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Supplies were purchased on January 1 , to be used throughout the year, in the amount of $ 8 , 5 0 0 . On
Supplies were purchased on January to be used throughout the year, in the amount of $ On December a physical count revealed that the remaining supplies totaled $ There was no beginning of the year balance in the Supplies account. Based on the information provided:
A Create journal entries for the original transaction
B Create journal entries for the December adjustment needed to bring the balances to correct
C Show the activity, with ending balance
b
b
tableBeginning balancePurchasedSubtotalUsed
c
Remaining
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