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The trial balance for Skysong, Inc. appears as follows: Skysong, Inc. Trial Balance December 31, 2022 Cash $320 Accounts Receivable 553 87 Prepaid Insurance Supplies

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The trial balance for Skysong, Inc. appears as follows: Skysong, Inc. Trial Balance December 31, 2022 Cash $320 Accounts Receivable 553 87 Prepaid Insurance Supplies 191 Equipment 4240 $640 Accumulated Depreciation, Equipment Accounts Payable Common Stock 407 1270 1480 3184 Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 1060 530 $6981 $6981 If, on December 31, 2022, supplies on hand were $42, the adjusting entry would contain a: O credit to Supplies Expense for $149. O debit to Supplies for $42. O credit to Supplies for $42. O debit to Supplies Expense for $149

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