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The supplies account had a balance of $1,392 at the beginning of the year and was debited during the year for $2,977, representing the total
The supplies account had a balance of $1,392 at the beginning of the year and was debited during the year for $2,977, representing the total of supplies purchased during the year. If $2,710 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is
$4,369
$2,710
$1,659
$5,687
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