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the supplies account had a beginning balance of $2,400 and was debited for $3,975 for supplies purchased during the year. Journalize the adjusting entry required

the supplies account had a beginning balance of $2,400 and was debited for $3,975 for supplies purchased during the year. Journalize the adjusting entry required at the end of the year assuming the amount of supplies on hand is $1,375. What is the balance of the supplies account after the adjusting entries?

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