At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $9,300 and Supplies Expense of $0. On December 31, supplies costing $7,850 are on hand. 1. Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1December 31 Supplies Expense 1,450 Supplies