ANSWERS TO SECTION 9.1 EXERCISES (cont.) Exercise 3, p. 308 Using the following information, complete the inventory sheet and make the adjusting entry in the T-accounts. Inventory Item Quantity Unit Price Value Rubber bands 3 boxes $ 1.50 per box 10 boxes 32.00 per box Envelopes #8 Envelopes #10 4 1/2 boxes Envelopes, manila 2 boxes 2 boxes Printer cartridges Letterhead Copy paper File folders Paper clips 10M sheets 4M sheets 2 boxes 36.00 per box 28.00 per box 31.20 per box 22.50 per M 10.00 per M 6.00 per box 1.50 per box 4.10 per box 5.50 per doz. 6.10 per doz. 12 boxes Staples 15 boxes Pencils, regular 4 doz Pencils, red 2 doz. Total Supplies Expense Supplies 2018.00