Bramble Company purchased supplies costing $7160 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2030 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:
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Home » Business » Bramble Company purchased supplies costing $7160 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2030 still on hand.