Calculator Identify the type of adjustment necessary (the type of iter involved) and record the transaction for the event. Make sure to include the ending balances after adjustment. Assume that on June 1, 2016, Tasty Sausage Corp. has a balance of $100 for supplies. On June 6 it purchased $600 in supplies for cash. On June 30, at the end of the accounting period, there are $300 of supplies on hand. The June 30 adjustment is Assets = Liabilities + Stockholders' Equity Office Accounts Common Retained Equipment Payable Stock Earnings Cash Supplies -100 Beg. Bal. Supplies purchased End. Bal. 100 600 -600 -700 700 Assets - Liabilities + Stockholders' Equity Office Accounts Common Cash Supplies Equipment Payable Stock Retained Earnings Beg. Bal. Supplies Expense Adjustment Bal. Previous Next >