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Cullumber Advertising Companys trial balance at December 31 shows Supplies $6,400 and Supplies Expense $0. On December 31, there are $3,200 of supplies on hand.

Cullumber Advertising Companys trial balance at December 31 shows Supplies $6,400 and Supplies Expense $0. On December 31, there are $3,200 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. (List all debut entries before credit entries.)

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