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Your Corporation started the accounting period with $9,750 in supplies. During the period, the company purchased $3,500 of supplies on account. At the end
Your Corporation started the accounting period with $9,750 in supplies. During the period, the company purchased $3,500 of supplies on account. At the end of the accounting period there was $6,500 of supplies on hand. Your Corporation made the adjusting entry for supplies consumed. The supplies were originally recorded as assets. What is the supplies expense for the period? O $13,250 O $ 9,875 O $6,750 O $12,750 O$ 250
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