At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $8,500 and Supplies Expense of $0. On December 31, supplies costing $7450 are on hand. Required: 1. Prepare the adjusting Journal entry on December 31. 2 Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below Required1 Required 2 Prepare the adjusting jourmal entry on December 31. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Mew tranaaction Bat Journal entry worksheet Record the adjusting entry on December 31 Note: Enter debits before credits. Date General Journal Debit Credit Record entry Clear entry View general Journal Required 2>