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QUESTION 1 At the beginning of 2022, Terminus Company had $1,075 of supplies on hand. During the year, the business acquired additional items for $8,000 and recorded these purchases by increasing its supplies inventory account. Terminus held $1,300 of supplies at the end of the year. What amount of supplies inventory will Terminus Company report after posting the appropriate year-end adjusting entry? a $8,000 b. $9,075 $7.775 d. $1,075 e. $1,300 QUESTION 2 At the beginning of 2022. Terminus Company had $1,075 of supplies on hand. During the year, the business acquired additional items for $8,000 and recorded these purchases by increasing its supplies inventory account. Terminus held $1,300 of supplies at the end of the year. What will the balance of supplies expense be after Terminus company posts adjusting entries? a $1,300 b. $7.775 G. 59,075 d. $1,075 $8,000 QUESTION 3 At the beginning of 2022, Terminus Company had $1,075 of supplies on hand. During the year, the business acquired additional items for $8,000 and recorded these purchases by increasing its supplies inventory account. Terminus held $1,300 of supplies at the end of the year. What is the amount of the adjusting entry that Terminus Company must record to bring the accounts up-to-date at year-end? a $1.075 b. $9.075 c. $8,000 d. $1,300 e. $7.775