Sheridan Advertising Company's trial balance at December 31 shows Supplies $7600 and Supplies Expense 50. on December 31, there are $2,800 of supplies on hand, Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are crutomatically indented when the amount is entered. Do not Indent manually) Date Account Tities and Explanation Dec. 31 Supplies Expense Debit Credit 0 Supplies Supplies Supplies Expense