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Brief Exercise 3-6 (Algo) Record the adjusting entry for supplies (LO3-3) At the beginning of the year, Golden Gopher Company reports a balance in
Brief Exercise 3-6 (Algo) Record the adjusting entry for supplies (LO3-3) At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $450. During the year, Golden Gopher purchases an additional $2,800 of supplies for cash. By the end of the year, only $250 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, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the purchase of supplies for $2,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Supplies Expense 2,800 Cash 2,800 >
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