10 Nov Adjustment for suppliesse3. The Supplies account b
Adjustment for suppliesse3. The Supplies account began the year with a balance of $380. During the year, sup- plies in the amount of $980 were purchased. At the end of the year (December 31), the inventory of supplies on hand was $440. Prepare the year-end journal entry to record the adjustment for supplies expense for the year.
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