At the beginning of May, Golden Gopher Company reports a balance in Supplies of $370. On May 15, Golden Gopher purchases an additional $2,000 of supplies for cash. By the end of May, only $170 of supplies remains.

1. 1.&2. Record the necessary entries in the Journal Entry Worksheet below.

2. 3. Calculate the balances after adjustment on May 31 of Supplies and Supplies Expense.

Journal entry worksheet Record the adjusting entry for supplies on May 31. Note: Enter debits before credits. Date General Journal Debit Credit May 31 Record entry Clear entry View general journal mua. DO Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the balances after adjustment on May 31 of Supplies and Supplies Expense. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Calculate the balances after adjustment on May 31 of Supplies and Supplies Expense. Ending Balance Supplies Supplies expense