Your answer is correct.

Prepare the adjusting entry at December $31.($List debit entry before credit entry. Credit account titles are automatically indented when

the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31$

Supplies Expense

$6,820$

Supplies

eTextbook and Media

List of Accounts

Your answer is partially correct.

Using T$-$accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.