Brief Exercise 3-03 Blue Spruce Corp.'s trial balance at December 31 shows Supplies 57,400 and Supplies Expense $0 On December 31, there are $3,500 of 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 Debit Credit Dec. 31 Supplies Supplies Expense