On November 30, 2021, the Concord Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books If the amount in Supplies Expense is the amount of the January 31 adjusting entry, and $790 of supplies were purchased in January, what was the balance in Supplies on January 1 ? (Hint: Prepare the adjusting journal entry for this transaction, post to the Supplies and Supplies Expense T accounts, and work backward to determine the opening balance.) The balance in supplies