At the beginning of May, Golden Gopher Company reports a balance in Supplies of $300. On May 15, Golden Gopher purchases an additional $1,300 of supplies for cash. By the end of May, only $100 of supplies remains.

1.Record the purchase of supplies.

2.Record the adjusting entry for supplies on May 31.

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