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The tutorial explains how to make an adjusting entry for prepaid office supplies. On May 1st, Rexter Incorporated purchased $600 worth of office supplies, which are recorded as an asset in the general journal with a debit of $600. This indicates an increase in office supplies, while cash, the payment method, is credited as an asset that decreases. The transaction is explained with a note stating the purchase. By June 30th, an adjustment needs to be made, reflecting that the supplies are now being used. The tutorial emphasizes the importance of recognizing this future value of the asset and making necessary adjustments in accounting records.
