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Cullumber Company's trial balance at December 31 shows Supplies $10,560 and Supplies Expense $0. On December 31 , there are $1,320 of supplies on hand.

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Cullumber Company's trial balance at December 31 shows Supplies $10,560 and Supplies Expense $0. On December 31 , there are $1,320 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account tities are outomatically indented when the amount is entered Do not Indent manually eTextbook and Media Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account, (Post entries in the order of journal entries presented in the previous part). Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Post entries in the order of Journal entries presented in the prevlous part.)

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