Sheridan Advertising Company's trial balance at December 31 shows Supplies $8,740 and Supplies Expense $0. On December 31, there are $2,160 of supplies on hand. (a1) Your Answer Correct Answer Your answer is correct. Prepare the adjusting entry at December 31. (List debit entry before credit entry. 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 O for the amounts.) Date Dec. 31 Account Titles and Explanation (a2) Supplies Expense Supplies eTextbook and Media List of Accounts Supplies Debit Supplies Expense $6,580 Credit $6,580 Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. Attempts: 3 of 3 used

Sheridan Advertising Companys trial balance at December 31 shows Supplies $8,740 andi Supplies Expense $0. On December 31 . there are \$2,160 of supplies on thand. (a1) Your answer is cortect Prepare the adjusting entry at Decenber 31. (Uist debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is requiled, seiect "No Entry" for the occount titles and en ter Ofor the amounits. (a2) Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account