At December 31, the unadjusted trial balance of H\&R Tacks reports Supplies of $9,700 and Supplies Expense of $0. On December 31 , supplies costing $8,050 are on hand. Required: 1. Prepare the adjusting journal entry on December 31 . 2. Post the beginning balances and adjusting entries to the following T-accounts. Complete this question by entering your answers in the tabs below. Post the beginning balances and adjusting entries to the following T-accounts