The Office Supplies account had a $350 debit balance at the beginning of the year,...
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Accounting
The Office Supplies account had a $350 debit balance at the beginning of the year, and $1,860 of office supplies were purchased during the year. The December 31 end of year physical count showed $600 of office supplies available. Prepare the December 31 adjusting entry. Assume no adjusting entries have been made during the year.
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