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At January 1, 2017, RI's asset account supplies had a debit balance of $14,650. During 2017, RJ purchased additional supplies on June 1 for $4,200

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At January 1, 2017, RI's asset account "supplies had a debit balance of $14,650. During 2017, RJ purchased additional supplies on June 1 for $4,200 and on September 1, for $6,800. Both purchases were debited to the asset account "supplies". There was no other activity in the supplies account during the year. A physical count of the supplies on hand at December 31, 2017 amounted to $10,250. Journalize any adjustment required, if any, at December 31, 2017 (Note: Use a T Account): Dr Select] | Select) Cr Select) [ Select)

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