b. Supplies: The Supplies account has an $1,250 debit balance to start the year. Supplies of $3,000 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $875 of supplies remaining.

b. Supplies: The Supplies account has an $1,250 debit balance to start the year. Supplies of $3,000 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $875 of supplies romaining