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The balance in the supplies account before adjustment at

The balance in the supplies account, before adjustment at the end of the year, is $5,330. The year end is December 31.

Journalize the December 31 adjusting entry required if the amount of supplies on hand at the end of the year is $1,875. Refer to the Chart of Accounts for exact wording of account titles.

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Accounting Basics: The balance in the supplies account before adjustment at

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