Acc362 Financial Accounting: BE13-3 Gleason Advertising Company's trial balance

Acc362 Financial Accounting

BE 3-3
Gleason Advertising Company's trial balance at December 31 shows Advertising Supplies
$6,700 and Advertising Supplies Expense $0. On December 31, there are $1,700 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.
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