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please help correct Question 4 of 10 0.56/1 E View Policies...

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Accounting

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Question 4 of 10 0.56/1 E View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Crane Advertising Company's trial balance at December 31 shows Supplies $ 3.600 and Supplies Expense 50. On December 31. there are $3,300 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry and indicate the adjusted balance in each account. (List all debit entries before credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 supplie Sunds Supplies 12/31 3600 8600 Supplies Expense $300 3300 e Textbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit

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