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Journalize the December 31 adjusting entry required if the amount of supplies on hand at the end of the year is $2,260. Refer to the Chart of Accounts for exact wording of account itles. All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 1 JOURNAL Score: 9/25 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Adjusting Entries 2 Dec. 31 5,565.00 3 Dec. 31 2,260.00 Pointe: 18/5 The balance in the supplies account, before adjustment at the end of the year, is $5,565. The year end is December 31. Journalize the December 31 adjusting entry required if the amount of supplies on hand at the end of the year is $2,260. Refer to the Chart of Accounts for exact wording of account titles. ASSEIS 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation Equipment EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends

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