Analyzing Adjusting Journal Entries, Prepaid Asset and Deferred Revenue Voss Inc., an accounting firm, adjusts and closes its accounts each December 31. Below are two situations requiring adjusting entries. 1. During the current year, supplies were purchased for $1,125 cash. The inventory of supplies at the prior year-end was $225. At the current year-end, inventory remaining was $360. Prepare the adjusting entry required for each of the following separate cases. a. Case A-the $1,125 was debited to Supplies Expense. What is the balance of Supplies at year-end? General Journal Account Name Case A Supplies Supplies Expense Case A: Balance of Supplies at year-end: $ 225 Ref. Cr. Dr. 225 225 x X b. Case B the $1,125 was debited to supplies. What is the balance of Supplies at year-end? General Journal Account Name Case B Supplies Expense Supplies 900 * Ref. Cr. Dr. 900 X 0 Case B: Balance of Supplies at year-end: $ 225