1. Which of the following shows thecorrect order of events?

1. Unadjusted trial balance, adjusting entries, financialstatements, adjusted trial balance
2. Unadjusted trial balance, adjusting entries, adjusted trialbalance, financial statements
3. Financial statements, unadjusted trial balance, adjustingentries, adjusted trial balance
4. Financial statements, adjusted trial balance, unadjusted trialbalance, adjusting entries

2. A company's accounting records revealthat Supplies had a beginning balance of $1,000. During theaccounting period, the company purchased $500 of supplies. Aphysical count at the end of the accounting period confirmed that$1,400 of supplies were used. What will be the balance of thesupplies account on the adjusted trial balance?

1. $1,500
2. $100
3. $1,400
4. $500