for each separate case, following the 3-step adjusting the supplies asset account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record for the December 31 adjusting entry to get away from step 1 to step 2. Assume no other entries are made during the year. A. supplies. The supplies account has a $300 debit balance to start the year. No supplies were purchased during the current year. A December 31 physical count shows $110 of supplies remaining. b. supplies. Supplies account has an $800 debit balance to start the year. Supplies of $2,100 were purchased during the current year and debited to the Supplies account, A December 31 physical count sows $650 of supplies remaining. c. Supplies. The Supplies account has a $4000 debit balance to start the year. During the current year, supplies, of $9400 were purchased and debited to the Supplies account. The inventory of supplies available at December 31 totaled $2660.