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4. The Williams Model Aircraft Repair Shop started the month with office supplies of $80,000. During the month, $10,000 of office supplies were purchased. At
4. The Williams Model Aircraft Repair Shop started the month with office supplies of $80,000. During the month, $10,000 of office supplies were purchased. At the end of the month the company had $50,000 in the account. What would be the adjusting entry for the month? 5. The accounting equation for Mickey Enterprises is as follows: If the company now purchases a truck on account for $30,000, the accounting equation will change to: Assets Llabilities Stockholders' Equity. 6. The accounting equation for Minnie Enterprises is as follows: \begin{aligned} Assets \( &= \) Liabilities \( \\ \$ 2,080,000 &=\$ 540,000+\frac{\text { Stockholders ' Equilyy }}{\$ 1540,000} \\ \)\hline \end{aligned} If the company now purchases a truck on account for $90,000, the accounting equation will change to: Assets Liabilities Stockholders' Equity
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