Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year Supplies. The Supplies account has a $460 debit balance to start the year. No supplies were purchased during the current year, A December 31 physical count shows $190 of supplies remaining. Supplies Step 1 Determine what the current account balance equals Debit Step 2. Determine what the current account balance should equal Debt Step Record the December 31, adjusting entry to get from step 1 to step 2 b. Supplies. The Supplies account has an $1,200 debit balance to start the year. Supplies of $2.900 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $850 of supplies remaining Supplies Step 1: Determine what the current account balance equals Dobit Step 2: Determine what the current account balance should equal Step 3 Record the December 31, adjusting entry to get from steg 1 to step 2 Insurance expense Insurance expertise c. Supplies. The Supplies account has a 54,800 debit balance to start the year. During the current year, supplies of $11.000 were purchased and debited to the Supplies account. The inventory of supplies available at December 31 totaled 53,140, b. Supplies. The Supplies account has an $1,200 debit balance to start the year. Supplies of $2,900 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $850 of supplies remaining. Supplies Step 1: Determine what the current account balance equals. Debit Step 2: Determine what the current account balance should equal Debit Step 3: Record the December 31, adjusting entry to get from step 1 to step 2 Insurance expense Insurance expense c. Supplies. The Supplies account has a $4,800 debit balance to start the year. During the current year, supplies of $11,000 were purchased and debited to the Supplies account. The inventory of supplies available at December 31 totaled $3,140. Supplies Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance should equal Step 3. Record the December 31, adjusting entry to get from step 1 to step 2