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Need help with requirement 3 Requirement 1. The Supplies T-account has been opened for you. Enter the beginning balance and purchase of supplies. (Use Nov.
Need help with requirement 3
Requirement 1. The Supplies T-account has been opened for you. Enter the beginning balance and purchase of supplies. (Use "Nov. 1" as a posting reference to enter the beginning balance and "Nov. purchases" as a posting reference to post the purchase of office supplies during the month.) Requirement 2. Record the adjusting entry required at November 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 3. Post the adjusting entry to the two accounts involved and show their balances at November 30. Select the account name of the other account affected by the Supplies adjustment. Post the adjustment to the two accounts using a "Nov. 30" posting reference, and then calculate and enter the ending balance of the accounts using a "Bal." posting referenceStep by Step Solution
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