Emiline Company records purchases of office supplies in the Office supplies account and adjusts the...
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Emiline Company records purchases of office supplies in the Office supplies account and adjusts the account balance at the end of the period. Emiline's Office supplies account had a $10,000 balance on January 1, 2023. A count of office supplies on hand at December 31,2023 revealed $4,000 of supplies. During the year Emiline made purchases of supplies totaling $69,000. When the adjusting entries are prepared on December 31,2023 , what is the amount Emiline will record for Office supplies expense? Multiple Choice $55,000 $75,000 $83,000 $63,000
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