Prepare the required end-of-period adjusting entries for each independent case listed below. Case 1 Kiko Company began the year with a $2,000 balance in the Supplies account. During the year, $6,500 worth of additional supplies were purchased. A physical count of supplies on hand at the end of the year revealed that $5,400 worth of supplies had been used during the year. No adjusting entry has been made until year end