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The supplies account shows a beginning balance of $3,000. Assume the supplies account shows an entry as a debit for $5,500 representing supplies purchased
The supplies account shows a beginning balance of $3,000. Assume the supplies account shows an entry as a debit for $5,500 representing supplies purchased during the period and the supplies inventory at year end is $1,700. The adjusting entry involves a O A. debit to supplies expense for $1,700 B. debit to supplies expense for $6,800 OC. debit to supplies for $1,700 OD. debit to supplies for $6,800
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