For each separate case below, follow the three-step process for adjusting the Supplies asset account at December 31 Step 1 Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3. Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year: c. Supplies: The Supplies account has a $4,800 debit balance to start the year. During the current year, supplies of $11,000