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Wow Advertising Company's trial balance at December 31 shows Supplies 7,609 and Supplies Expense EO....

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Accounting

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Wow Advertising Company's trial balance at December 31 shows Supplies 7,609 and Supplies Expense EO. On December 31, there are 2,074 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 tities are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit Supplies Supplies Expense

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