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Wildhorse Co.'s trial balance at December 31 shows Supplies $6,900 and Supplies Expense $0. On December 31, there are $2,500 of supplies on hand. Prepare
Wildhorse Co.'s trial balance at December 31 shows Supplies $6,900 and Supplies Expense $0. On December 31, there are $2,500 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balan the amount is entered. Do not indent manually.) Account Titles Debit Credit Date Dec. 31 Supplies 4400C 14400 | Supplies Expense Supplies 4400 4400 Supplies Expense 12/31 12/31 Bal. 4 T 4400
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