November 1, 2020, Philips Comp The machine has an estimated useful to of value) is $3,000. Prepare the required adjusting entry, machine in 2020. 31, 2016 the comp b) Milner Company had a balance of $12,0 then bought $8,000 of office supplies on July 1, 2016, the company had $4,100 of office supplies left. Prepare required adjusting entry, along with a description, for the usage of the office supplies in the month of July. (5 marks each entry for a total of 10 marks)