On January 1, Ogden, Inc. had $1,500 of supplies on hand. During January, Ogden purchased $5,500 worth of new supplies. At the end of the month, a cour revealed $700 worth of supplies remaining on the shelves. Prepare the adjusting journal entry required at the end of the month. Include date...omit explanations. Show your work for all calculated numbers and label your numbers. 1 i T: I B I U ! E >