Record the correct adjusting journal entry at the end of the month for the transaction listed….

Record the correct adjusting journal entry at the end of the month for the transaction listed. Include proper date, accounts, amounts, debit and credit and description (9 points total):

A company started out the month with zero office supplies on-hand. During the month of January, the company purchased $650 worth of supplies. Per a physical count at the end of the month, office supplies on-hand were $350.

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