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At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $400 During the year, Golden Gopher purchases an additional
At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $400 During the year, Golden Gopher purchases an additional $2.300 of supplies for cash. By the end of the year, only $200 of supplies remains. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Calculate the year-end adjusted balances of Supplies and Supplies Expense. Ending Balance Supplies $ 200 Supplies expense $ 2,100
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