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Schramel Advertising Company's trial balance at December 31 shows Supplies $7, 900 and Supplies Expense $0. On December 31, there are $3, 300 of supplies

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Schramel Advertising Company's trial balance at December 31 shows Supplies $7, 900 and Supplies Expense $0. On December 31, there are $3, 300 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances m the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.)

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