schramel Company’s trial balance at December 31 shows Advertising Supplies $6,700 and Advertising Supplies Expense $0. On December 31, there are…

schramel Company’s trial balance at December 31 shows Advertising Supplies $6,700 and Advertising Supplies Expense Advertising Supplies Expense $0. On December 31, there are $2,100 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.