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Skysong, Inc.'s trial balance at December 31 shows Supplies $ 6,700 and Supplies Expense $0. On December 31, there are $ 3,500 of supplies on

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Skysong, Inc.'s trial balance at December 31 shows Supplies $ 6,700 and Supplies Expense $0. On December 31, there are $ 3,500 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 automatically indented when the amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec. 31 Supplies Expense 3200 Supplies 3200 Supplies 12/31 6700 12/31 3200 + Supplies Expense 12/31 3200

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