There was a 2000 balance in the supplies account at the, Financial Accounting

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There was a 2000 balance in the supplies account at the

There was a $2,000 balance in the supplies account at the beginning of the period. During the period, the supplies account was increased by $4,000 for supplies purchased. At the end of the period before adjustment, $1,000 of supplies were on hand. Journalize the necessary adjusting entry.

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Financial Accounting: There was a 2000 balance in the supplies account at the

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