At the beginning of the period,a company reports a balance in office supplies of $500.During the period,the company purchases an additional $3,500 of office supplies for cash.By the end of the period,only $700 of office supplies remains.Record the period-end adjusting entry.

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The Answer of At the beginning of the period,a company reports a balance in office supplies of $500.During the period,the company purchases an additional $3,500 of office supplies for cash.By the end of the period,only $700 of office supplies remains.Record the period-end adjusting entry.

At the Beginning of the Period,a Company Reports a Balance