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Business, 29.01.2022 20:50 nnaomii

Grasshopper began the year with $24,000 in its Supplies account. During the year $65,500 in supplies were purchased and debited to the Supplies account. At year-end, supplies costing $25,500 remain on hand. Record the adjusting entry for supplies at its year-end of December 31.

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Grasshopper began the year with $24,000 in its Supplies account. During the year $65,500 in supplies...

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