A photo processing store purchased office supplies on January 15 by paying cash of $5,000. On January 1, the Supplies account had a beginning balance of $500. On December 31, an inventory revealed that supplies on hand amounted to $500.

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The Answer of A photo processing store purchased office supplies on January 15 by paying cash of $5,000. On January 1, the Supplies account had a beginning balance of $500. On December 31, an inventory revealed that supplies on hand amounted to $500.

A Photo Processing Store Purchased Office Supplies on January 15