Question 5 0.5 pts On January 1, Nash, Inc. had $2,000 of supplies on hand....
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Question 5 0.5 pts On January 1, Nash, Inc. had $2,000 of supplies on hand. During January, Nash purchased $5,500 worth of new supplies. At the end of the month, a count revealed $700 worth of supplies remaining on the shelves. The adjusting entry needed will include a debit to Supplies Expense of $6,800. The supplies were initially recorded as an asset. False True
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