The following event requires a year-end adjusting entry. Fill in the blanks that would properly reflect first the recording of the event, and then the adjusting entry in the accounting equation. Assume a December 31 year-end date. C. Purchased $1,450 of supplies on account. At year's end, $200 of supplies remained on hand. Event C: Name the account that would increase: also increase: and the account that would What is the amount of this entry? Adjusting Entry C: Name the account that would decrease: and the account that I would increase: What is the amount of this adjustment?