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Business, 25.03.2020 06:13 emily12403

On January 1, Great Designs Company had a debit balance of $1,985 in the office supplies account. During the month, Great Designs purchased $463 and $420 of office supplies and journalized them to the asset account upon purchasing. On January 31, an inspection of the office supplies cabinet shows that only $518 of office supplies remains. Prepare the January 31 adjusting entry for office supplies. Jan 31

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On January 1, Great Designs Company had a debit balance of $1,985 in the office supplies account. Du...

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