Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. The Supplies account has a balance of $2,500. On December 31, 2019, an inventory of supplies showed that items costing $625 were on hand.

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The Answer of Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. The Supplies account has a balance of $2,500. On December 31, 2019, an inventory of supplies showed that items costing $625 were on hand.

Determine the Account and Amount to Be Debited and the Account