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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. b. 5 upplies: The Supplies account has an $850 debit balance to start the year, 5 upplies of 52,200 were purchased during the currentyear and debited to the Supplies account. A December 31 physical count ahows $675 of supplies remaining. Check iny wor 4 toosh ier Pris Heternews