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At the beginning of May, Golden Gopher Company reports a balance in Supplies of $340. On May 15, Golden Gopher purchases an additional $1,700
At the beginning of May, Golden Gopher Company reports a balance in Supplies of $340. On May 15, Golden Gopher purchases an additional $1,700 of supplies for cash. By the end of May, only $140 of supplies remains. 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. 8:59 Complete this question by entering your answers in the tabs below. d 3 Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the purchase of supplies.
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