1. Accrual Based Accounting Adjusting Journal Entries (AJEs): On June 1^st, 2021, Better Than That, Inc. has a $515 beginning balance in the Supplies account. On June 10^th, 2021, the firm purchased an additional $5,820 worth of supplies on account. At the end of the month, June 30^th, 2021, only $980 worth of supplies remain.
   1. Record the journal entry Better Than That would make on June 10^th, 2021 when it purchases the $5,820 worth of supplies.
   2. Record the adjusting entry Better Than That would make to recognize Supplies Expense on June 30^th 2021. Assume Better Than That uses a monthly accounting period which ends on June 30^th, 2021 and adjusting entries are only made at the end of the monthly accounting period (i.e. assume no adjusting entries have been recorded yet for the month).
   3. Calculate the adjusted balances of both the Supplies account and the Supplies Expense account as of 6/30/2021. Assume the balance of the Supplies account as of 6/1/2021 was $515 (as given above) and the balance of the Supplies Expense account was $0 as of 6/1/2021 and there are no other transactions.
   4. What if Better Than That did not make the adjusting entry on 6/30/2021 to recognize Supplies Expense? Indicate by how much the Junes ending 6/30/2021s 1) assets, 2) liabilities, 3) revenues, 4) expenses, 5) net income, 6) retained earnings, and 7) SHE would be either under- or overstated if this adjusting entry were not recorded. If no effect, write no effect.