At the end of the current fiscal year, the City of Columbus General Fund pre-adjusted trial balance showed the following balances for operating and budgetary accounts and fund balance accounts. Debits Credits $6,224,000 2,776,000 $7,997,000 Appropriations Estimated Other Financing Uses Estimated Revenues Encumbrances Expenditures Other Financing Uses Revenues Budgetary Fund Balance Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Unassigned 6,192,000 2,770,000 7,980,000 1,003,000 140,000 1,990,000 The City of Columbus uses the purchases method of accounting for its inventory of supplies in the General Fund. The city uses a periodic inventory system in which the amount of inventory used during the year and the amount on hand at the end of the year are determined by a physical inventory. During the year, $220,000 of supplies were purchased and recorded as expenditures. These purchases are included in the final expenditures balance of $6,192,000 shown above. The physical inventory revealed a supplies balance of $152,000 at the end of the fiscal year, an increase of $12,000 from the prior year, Required a. Provide the required adjusting journal entry in the General Fund at the end of the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)