The office supplies of 3,250 were what had been purchased during the quarter. However, he had taken a count on December 31 and dtermined that only $225 worth of supplies was remaining.
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The office supplies of 3,250 were what had been purchased during the quarter. However, he had taken a count on December 31 and dtermined that only $225 worth of supplies was remaining.
Debit Office Supplies Expense for the amount that is equal to 3,250 minus 225.
Credit Office Supplies for the same amount.
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