Wildhorse Co's trial balance at December 31 shows Supplies $8,850 and Supplies Expense $0. On December 31, there are $2,050 of supplies on hand. * Your answer is incorrect. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 eTextbook and Media List of Accounts - Your answer is partially correct. Debit Credit Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Post entries in the order of journal entries presented in the previous part.) Supplies 8860 12/31 12/31 Bal. 2040 Supplies Expense 12/31 6820 eTextbook and Media List of Accounts