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At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $9,500 and...

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Accounting

At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $9,500 and Supplies Expense of $0. On December 31,
supplies costing $7,950 are on hand.
Required:
Prepare the adjusting journal entry on December 31.
Post the beginning balances and adjusting entries to the following T-accounts.
Complete this question by entering your answers in the tabs below.
Post the beginning balances and adjusting entries to the following T-accounts.
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