Grasshopper began the year with $24,000 in its Supplies account. During the year $65,500 in supplies were purchased and debited to the Supplies account. At year-end, supplies costing $25,500 remain on hand. Record the adjusting entry for supplies at its year-end of December 31.

Erp has all the following advantages except: modules throughout a corporation can communicate with each other while purchasing is difficult, the vendors such as sap make it worthwhile due to easy implementation have predefined software that represents "pretty good practices" or even "best practices" enables standardized procedures in an organization reduces inconsistent data stored in various locations of the organization