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The Supplies account balance on an unadjusted trial balance is 5,000 as of June 30. The supplies on hand at June 30 amount to $700.

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The Supplies account balance on an unadjusted trial balance is 5,000 as of June 30. The supplies on hand at June 30 amount to $700. The adjusting entry required is debit Supplies Expense, $700; credit Supplies, $700 O debit Supplies Expense. $4,300; credit Supplies, $4,300 debit Supplies Expense, $5.700; credit Supplies, $5,700 debit Supplies, $4,300; credit Supplies Expense: $4,300

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