Unadjusted Trial Balance as of Year 20X3 12/31

Both Debit Accounts

Supplies on Hand Now: 1800

Supplies Expense: 21760

-------------------------------------

Marion recorded supplies purchases of $21,760 as they occurred during the year 20X3 (already done in supply expense) A physical count of supplies shows that Marion has $1,500 of supplies on hand at the end of 20X3 1. What is the necessary adjusting entry? 2. What should be the balance in the Supplies on hand account on the balance sheet at 20X3 What should be the post closing balance?