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A company purchased office supplies costing $6000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1080 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:debit Supplies Expense, $7080; credit Supplies, $7080.debit Supplies, $1080; credit Supplies Expense, $1080.debit Supplies Expense, $4920; credit Supplies, $4920.debit Supplies, $4920; credit Supplies Expense, $4920.
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