ellock Adjustment for Supplies On December 31, the trial balance indicates that the supplies account has a balance, prior to the adjusting entry, of $200. A physical count of the supplies inventory shows that $70 of supplies remain Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal. (trial balance is abbreviated as TB.) (Balance Sheet) Supplies Adj (Income Statement) Supplies Expense Page: DATE ACCOUNT TITLE DOC. POST DEBIT CREDIT NO. REF. 20 1 Dec. 31 88