Suppre e. The Supplies account has a $4.200 debit balance to start the year. During the current year, supplies of S9,800 were purchased and debited to the Supplies account. The inventory of supplies available at December 31 totaled $2,780 Supplies 1.420 DR or CR? 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 S 1,420 Debit