Obj. 2 BE 2-2 Journal entry for asset purchase Prepare a journal entry for the purchase of office supplies on November 2 for $1,000, paying $500 cash and the remainder on account. aber 2 for som DE BE 2-5 Missing amount from an account On August 1, the supplies account balance was $1,025. During August, suppies purchased, and $1,324 of supplies were on hand as of August 31. Determine suppe for August. Obj. 4