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Novak Corp. Trial Balance December 31, 2022 Cash $280 491 77 Accounts Receivable Prepaid Insurance Supplies Equipment 169 3760 $560 361 1130 Accumulated Depreciation Equipment

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Novak Corp. Trial Balance December 31, 2022 Cash $280 491 77 Accounts Receivable Prepaid Insurance Supplies Equipment 169 3760 $560 361 1130 Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 1320 2816 940 470 $6187 $6187 If, on December 31, 2022, supplies on hand were $38, the adjusting entry would contain a. O debit to Supplies Expense for $131. O debit to Supplies for $38. O credit to Supplies Expense for $131 O credit to Supplies for $38

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