1 At October 1, 2022, Sheffield Corp. had an Accounts Payable balance of $148400. During the month, the company made purchases on account of $106000 and made payments on account of $169600. At October 31, 2022, the Accounts Payable balance is

$148400 debit

$21200 credit

$169600 credit

$84800 credit

2 At February 1, 2022, the balance in Swifty Corporation supplies account was $2660. During February Swifty purchased supplies of $2280 and used supplies of $3040. At the end of February, the balance in the Supplies account should be

$1900 debit.

$2660 debit.

$7980 debit.

$3420 credit.

3 Whispering Winds Corp. purchased office supplies costing $6440 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2300 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:

debit Supplies Expense, $2300; credit Supplies, $2300.

debit Supplies Expense, $4140; credit Supplies, $4140.

debit Supplies, $2300; credit Supplies Expense, $2300.

debit Supplies, $4140; credit Supplies Expense, $4140.