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Save & E

At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $$500.$ During the year, Golden Gopher purchases an additional $$3,300$ of supplies for cash. By the end of the year, only $$300$ 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 $2$

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.$)$

Journal entry worksheet

$1$

$2$

Record the adjusting entry for supplies.

Note: Enter debits before credits.

General Journal

Debit

Credit