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Cheyenne Corp's trial balance at December 31 shows Supplies $6,300 and Supplies Expense $0.On December...

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Cheyenne Corp's trial balance at December 31 shows Supplies $6,300 and Supplies Expense $0.On December 31, there are $2,600 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 balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec. 31 Supplies Expense C 3700 3700 Supplies 3700 Supplies 12/31 6300 12/31 3700 12/31 Bal. 12/31 Bal. " C 6300 6300 2600 Supplies Expense 12/31 12/31 D 3 300 3700 12/31 Bal. 12/31 Bal. C 3700

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