a. Supplies: The Supplies account has a $300 debit balance to start the year. No supplies were purchased during the current year. A December 31 physical count shows $110 of supplies remaining. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Debit or Credit? Supplies 300 Debit 300 100 Debit Step 3. Record the December 31 adjusting entry to get from step 1 to step 2 Adjusting Entry Debit Credit Supplies expense Supplies 200 200 200 100 b. Supplies: The Supplies account has an $800 debit balance to start the year. Supplies of $2,100 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $650 of supplies remaining. Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance should equal Debit or Credit? 800 Debit Supplies 800 2,250 S 650 Debit 650 Step 3. Record the December 31 adjusting entry to get from step 1 to step 2 Adjusting Entry Debit Credit Supplies expense Supplies 2,250 2,250 c. Supplies: The Supplies account has a $4,000 debit balance to start the year. During the current year, supplies of $9,400 were purchased and debited to the Supplies account. The inventory of supplies available at December 31 totaled $2,660. Step 1: Determine what the current account balance equals. Step 2 Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Supplies