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ANSWER ALL QUESTIONS AND SHOW WORK IF POSSIBLE. Wolfe Nurseries Corporation experienced four situations for its supplies EEB Click on the lcon to vlew the
ANSWER ALL QUESTIONS AND SHOW WORK IF POSSIBLE.
Wolfe Nurseries Corporation experienced four situations for its supplies EEB Click on the lcon to vlew the four situatlons.) Requirement Calculate the amounts that have been left blank for each situation. For situations 1 and 2, joumalize the needed transaction. Consider each situation separately Calculate the amounts that have been left blank for each situation. Situation $ 2,000$ 900 900$ 500 900 1,400 500 Purchases of supplies during the year 2,900 (1,090) $ 1,810 (700) (300) Ending supplies Supplies Expense For situations 1 and 2, journalize the needed transaction. Consider each situation separately. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the entry for situation 1 to record the purchase of supplies. $1,700 1,300 Journal Entry Data Table Accounts Debit Credit Situation Beginning supplies Purchases of supplies during the year. Total amount to account for $ 2,000 $ 900 $ 900 $ 500 900 500 . .. . For situation 2, make the needed journal entry to record Supplies Expense 2,900 1,400 Journal Entry (1,090 700 (300) Accounts Debit Credit Supplies Expense $ 1,810 ? $ 1,700 $ 1,300 Print Done Choose from any list or enter any number in the input fields and then continue to the nextStep by Step Solution
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