Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is $2,358. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1,108. Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is $2,35 Journalize the adjusting entry required if the amount of supplies on hand at the end of Accounts Receivable Accounts Payable Cash Supplies Supplies Expense Supplies Payable