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Ah, Anyone have the answers? Brief Exercise 3-03 /Your answer is partially correct. Try again. Crane Advertising Company's trial balance at December 31 shows Supplies

Ah, Anyone have the answers?

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Brief Exercise 3-03 /Your answer is partially correct. Try again. Crane Advertising Company's trial balance at December 31 shows Supplies $8,600 and Supplies Expense $0. On December 31, there are $3,300 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Supplies Expense 5300 Supplies Supplies x 12/31 8600 12/31 5300 8600 Supplies Expense 12/31 X

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