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Prepare the proper journal entry for the january

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Collin Printing began operations on January 1. On January 7, Collin purchased supplies on account for $1,000. At the end of January, Collin had $600 of supplies on hand. The proper journal entry for the January 7 transaction would:

Include a debit to Supplies for $600. include a credit to Supplies for $400. None of these. include a debit to Supplies for $1,000.

Include a debit to Supplies Expense for $400

Reference no: EM131798094

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