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AC114 Unit 4 Lab Assignment Question 2 of 8 -V3 : View Policies Current Attempt in Progress Ivanhoe Advertising Company's trial balance at December 31 shows Supplies $7,800 and Supplies Expense $0.On December 31, there are $3,500 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 Supplies Date Account Titles and Explanation Debit Credit Dec 31 Supplies Supplies Expense e Textbook and Media List of Accounts