7 Solve for the missing amounts using a T account for the balance sheet accounts in each situation Assume that there is only one debit entry and one credit entry in the account during the month Required a The Supplies account had a balance of $1,550 at the beginning of the month and $2,300 at the end of the month The cost of supplies purchased during the month was $4,600 Calculate the cost of supplies used during the month Supplies Beginning Balance $ Supplies Purchased $ Supplies $ Ending Balance $ b Wages Payable had a balance of $6,500 at the end of the month During the month, $35,000 of wages were paid to employees Wages expense accrued during the month totaled $36,500 Calculate Wages Payable at the beginning of the month Wages Payable Beginning Balance $ Wages Paid $ Wages Accrued $ Ending Balance $

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7. Solve for the missing amounts using a T-account for the balance sheet accounts in each situation. Assume that there is only one debit entry

Solve for the missing amounts using a T-account for the balance sheet accounts in each situation. Assume that there is only one debit entry and one credit entry in the account during the month.

Required:

a.	The Supplies account had a balance of $1,550 at the beginning of the month and $2,300 at the end of the month. The cost of supplies purchased during the month was $4,600. Calculate the cost of supplies used during the month.

Supplies
Beginning Balance	$_________
Supplies Purchased	$_________	Supplies	$_________
Ending Balance	$_________

b.	Wages Payable had a balance of $6,500 at the end of the month. During the month, $35,000 of wages were paid to employees. Wages expense accrued during the month totaled $36,500. Calculate Wages Payable at the beginning of the month.