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Amazing Art Company had a balance of $1,000 in supplies at the start of the accounting period. They purchased supplies of $5,000 and ended the

Amazing Art Company had a balance of $1,000 in supplies at the start of the accounting period. They purchased supplies of $5,000 and ended the accounting period with a balance of $2,000 per a physical count of supplies. Prepare the adjustment to record the supplies used.

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