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The supplies account had a balance at the beginning of year 3 of $8,000 (before...

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Accounting

The supplies account had a balance at the beginning of year 3 of $8,000 (before the reversing entry). Payments for purchases of supplies during year 3 amounted to $50,000 and were recorded as an expense. A physical count at the end of year 3 revealed supplies costing $14,500 was on hand. reversing entries are used by this company. the required adjusting entry at the end of year 3 will include a debit to?

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