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Carla Vista Advertising Company's trial balance at December 31 shows Supplies $7,200 and Supplies Expense $0.On December 31, there are $3,000 of supplies on hand.

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Carla Vista Advertising Company's trial balance at December 31 shows Supplies $7,200 and Supplies Expense $0.On December 31, there are $3,000 of supplies on hand. Prepare the adjusting entry at December 31, and using Taccounts, 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 Supplies Expense

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