points current year. A December al physical count shows $550 of supplies cemaining. \begin{tabular}{|l|l|l|} \hline & & \\ \hline Siep 1: Determine what the current account batance equals. & & \\ \hline & & \\ \hline Step 2: Determine what the curtent account balance should equal & & \\ \hline \end{tabular} $10,200 were purchased and debited to the Suppliss account. The inventory of supplies avaitable at December 31 totaled $2,900