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The proper adjusting entry of the supplies account will include a debit to Supplies Expense $4,750 and a credit to Supplies $4,750.
In account, this means cost of consumables that is used during a reporting period.
Supplies Expense = $6,250 - $1,500
Supplies Expense = $4,750
Therefore, its include a debit to Supplies Expense $4,750 and a credit to Supplies $4,750.
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