Question: Please complete the problem in the picture. Adjustment for Supplies On December 31, the trial balance ind cates that the supplies occount has a balence,

Please complete the problem in the picture.

Adjustment for Supplies On December 31, the trial balance ind cates that the supplies occount has a balence, prior to the adjusting entry, of 5320 . A physical count of the suppies inventory shows that 590 of supplies remain. Analyze this adjustment for supplies using T accounts, and then focmaliy enter this adjustment in the general journal. (Trial bolance is abbreviated as TB.)

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