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Corporation experienced four situations for its supplies.

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Requirement

1.	Calculate the amounts that have been left blank for each situation. For situations 1 and 2, journalize the needed transaction. Consider each situation separately.

Calculate the amounts that have been left blank for each situation.

Situation	1
Beginning supplies. . . . . . . . . . . . . . . . . . . . . . . . . . .	$2,100
Purchases of supplies during the year. . . . . . . . . . .
Total amount to account for. . . . . . . . . . . . . . . . . . . .	3,400
Ending supplies. . . . . . . . . . . . . . . . . . . . . . . . . . . . .	(990)
Supplies Expense. . . . . . . . . . . . . . . . . . . . . . . . . . .	$2,410

2

$700

600

(600)

3

$600

(300)

$1,800

4

$600

500

1,100

$900

For situations 1 and 2, journalize the needed transaction. Consider each situation separately. (Record debits first, then credits. Exclude explanations from any journalentries.)

Record the entry for situation 1 to record the purchase of supplies.

Journal Entry
	Accounts	Debit	Credit
1

For situation 2, make the needed journal entry to record Supplies Expense.

Journal Entry
	Accounts	Debit	Credit
2

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