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Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31, there are $2,110 of supplies on hand. Prepare the
Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31, there are $2,110 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Supplies Expense 6,680 Supplies 6,680 Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Post entries in the order of journal entries presented in the previous part.) Supplies 12/31 8,790 12/31 Bal. 2,080 12/31 6,680 Supplies Expense 12/31 6,680
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