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QUESTION
On January 1, Gonzalez Company purchased $3,080 of supplies on account. On January 1, Gonzalez Company debited Supplies Expense , which is an...
On January 1, Gonzalez Company purchased $3,080 of supplies on account. On January 1, Gonzalez Company debited Supplies Expense, which is an alternate way of recording the initial expenditure. By the end of the calendar year, $810 of supplies was used.
Journalize the adjusting entry
