Fido's Food Mart Unadjusted Trial Balance December 31, 20XX Account Title Debits Credits Cash 50,938 Accounts Receivable 12,250 Inventory Lain 107 ob 84,720 od oso) Supplies banos 1,850 Prepaid Insurance is a testo bancar 480 Equipment lo by boy 30,550 Vehicle non nulidon 12,250 Accumulated Depreciation - Equipment & Vehicle colha ore 0 Accounts Payable 62,128 Unearned Revenue (Gift Cards) 375 Bonds Payable (mature 12/31/XX) 12,000 Common Stock (200 shares @ $210/share, par $210) 42,000 Retained Earnings bib sobota 0 pildid Sales Revenue mo 132,625 Operating Expenses 34,840 Depreciation Expense bolso Insurance Expense on o 2 Rent Expense 5,750 Supplies Expense 0 Wages Expense 15,500 Totals 249,128 249,128 The account balances at the end of the fourth month shown above are direct from the Unadjusted Trial Balance. At the end of the fiscal year, a manual inventory count showed that $650 of supplies remain. Now, the accountant needs to prepare the journal entry to adjust the Supplies balance to the actual amount. a. Show the balancing effects on the accounting equation b. Record the adjusting journal entry in two-line format using a debit and a credit. c. Show T-Accounts with beginning balances, transactions & end balances. Four of the $25 gift cards sold in November were redeemed this month. Show the adjusting journal entry that the accountant needs to prepare. a. Show the balancing effects on the accounting equation b. Record the adjusting journal entry in two-line format using a debit and a credit. c. Show T-Accounts with beginning balances, transactions & end balances