Brief Exercise 4-4 Foley Advertising Company's trial balance at December 31 shows Supplies $8,800 and Supplies Expense $0. On December 31, there are $1,100 of supplies on hand Your answer is correct. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Supplies Expense Debit Credit 7700 Supplies 7700 SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT