BlossomAdvertising Company's trial balance at December 31 shows Supplies $7,000and Supplies Expense $0. On December 31, there are $3,300of supplies on hand.

Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit. Credit

Dec. 31 Supplies Expense ?

Supplies ?

Supplies

12/31. 7000 12/31 3700

12/31 balance. ?