Current Attempt in Progress

Sandhill Advertising Company's trial balance at December $31$ shows Supplies $$8,000$ and Supplies Expense $$0.$ On December $31,$ there are $$2,900$ of supplies on hand.

Prepare the adjusting entry at December $31,$ and using $T-$accounts, enter the balances in the accounts, post the adjusting entr and indicate the adjusted balance in each account. $($Credit account titles are automatically indented when the amount is entered. D not indent manually. If the balance is zero $(0),$ select date from drop down and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Dec.

$31$

Supplies

Supplies Expense