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The Office Supplies account started the year with a $2,525 balance. During 2019, the company purchased supplies for $10,428, which was added to the Office
- The Office Supplies account started the year with a $2,525 balance. During 2019, the company purchased supplies for $10,428, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,222.
- An analysis of the company's insurance policies provided the following facts.
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