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Need help number 1&2 Accounting for a Service Business ANALYSIS OF ADJUSTING ENTRY FOR SUPPLIES Analyze each situat indicate the correct dollar amount for the

Need help number 1&2 image text in transcribed
Accounting for a Service Business ANALYSIS OF ADJUSTING ENTRY FOR SUPPLIES Analyze each situat indicate the correct dollar amount for the adjusting entry. 1. Ending inventory of supplies is $95. (Balance Sheet) Supplies (Income Statement) Supplies Expense TB 540 Bal. 2. Amount of supplies used is $280. (Balance Sheet) Supplies (Income Statement) Supplies Expense 330 Bal. ANALYSIS OF ADJUSTING ENTRY FOR INSURANCE Analyze ea

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