Record the correct adjusting journal entry

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Reference no: EM132218882

Question: Record the correct adjusting journal entry at the end of the month for the transaction listed. Include proper date, accounts, amounts, debit and credit and description (9 points total):

A company started out the month with zero office supplies on-hand. During the month of January, the company purchased $650 worth of supplies. Per a physical count at the end of the month, office supplies on-hand were $350.

Reference no: EM132218882

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