Formula: Subtract; Cell Referencing Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as Using Excel to Record Adjusting Entries PROBLEM Lahey Advertising Company's maintains a general ledger account for Supplies. A count on December 31 determined the company has supplies on hand. The following information is from the company's trial balance. indicated. 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 January 1, Supplies on hand Supplies expense December 31, Supplies on hand 2$ 8,800 balance in each account. 1,100 Adjusting entry Date Debit Credit

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