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The following items require adjusting journal entries to prepare the financial statements for the year ended December 31, 2023: On December 2, 2023, $5200 of

The following items require adjusting journal entries to prepare the financial statements for the year ended December 31, 2023: On December 2, 2023, $5200 of supplies were purchased and recorded as an asset. A count revealed $1000 of those supplies were still on hand at December 31, 2023.

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