The balance in the supplies account, before adjustment at the end of the year, is $5,420. The year end is December 31.

Journalize the December 31 adjusting entry required if the amount of supplies on hand at the end of the year is $1,515. Refer to the Chart of Accounts for exact wording of account titles.

Journal Journalize the December 31 adjusting entry required if the amount of supplies on hand at the end of the year is $1,515. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST, REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Adjusting Entries 2 3