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At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $430. During the year, Golden Gop purchases an additional

 

At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $430. During the year, Golden Gop purchases an additional $2,600 of supplies for cash. By the end of the year, only $230 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. Complete this question by entering your answers in the tabs below. 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, se Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the purchase of supplies for $2,600 cash. Note: Enter debits before credits.

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