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On June 1, during its first month of operations, Soufflé Masters purchased supplies for $3,500 and debited the supplies account for that amount. At June 30, an inventory of supplies showed $1,000 of supplies on hand. What adjusting journal entry should be made for June?
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The right of an accountant to not reveal any information given in confidence by a client. The privilege is not granted by every state or by the federal government.
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The act of formally or informally requesting the settlement of a sum of money owed from a debtor.
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