Record the following adjusting journal entry as of December. Adjusting journal entries are only recorded at year-end for the company. On December 31st, a count of supplies on hand indicates a balance of $4,200. The supplies account had a balance of $3,950 on October 1st They purchased $8,640 of supplies during November. Complete the Supplies T-account to show your work. 11 Paragraph I UA de + Supplies On December 31st, a count of supplies on hand indicates a balance of $4,200. The supplies account had a balance of $3,950 on October 1st They purchased $8,640 of supplies during November. Complete the Supplies T-account to show your work. V B Paragraph 1 II oa .. UA/ tv Date Account Name Debit Credit