Supplies were purchased on January 1, to be used throughout the year, in the amount of 8,500. On December 31, a physical count revealed that the remaining supplies totaled 1,200. There was no beginning of the year balance in the supplies account. Based on the information provided:

A. Crest a journal entries for the original transaction

B create journal entry for December 31 adjustment needed to bring the balance to correct

C show the activity, with ending balance