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Prepare the adjusting journal entry to correctly report the

Shandi Company has a Supplies account balance of $5,000 on January 1, 2013. During 2013, it purchased $2,000 of supplies. As of December 31, 2013, a supplies inventory shows $800 of supplies available. Prepare the adjusting journal entry to correctly report the balance of the Supplies account and the SuppliesExpense accountas of December 31, 2013.

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Cost Accounting: Prepare the adjusting journal entry to correctly report the

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