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Prepare adjusting journal entries for the year ended date

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Reference no: EM132756684

Problem 1: The Office Supplies account had a $360 debit balance at the beginning of December; and $2,680 of office supplies were purchased in December. The December 31 physical count showed $425 of supplies available. Prepare adjusting journal entries for the year ended (date of) December 31 for each of these separate situations.

Reference no: EM132756684

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