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Current Attempt in Progress Sandhill Advertising Company's trial balance at December 31 shows Supplies...

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Accounting

Current Attempt in Progress
Sandhill Advertising Company's trial balance at December 31 shows Supplies $8,000 and Supplies Expense $0. On December 31, there are $2,900 of supplies on hand.
Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entr and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. D not indent manually. If the balance is zero (0), select date from drop down and enter 0 for the amounts.)
Date Account Titles and Explanation
Debit
Credit
Dec.
31
Supplies
Supplies Expense
image

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