On November 1, Carver Equipment had a beginning balance in the Office Supplies account of $1,000. During the month, Carver purchased $1,200 of office supplies.

At November 30, Carver Equipment had $400 of office supplies on hand.

Requirements

1. Record the adjusting entry required at November 30.

2. The Office Supplies T-account has been opened for you. Enter Ine beginning balance and purchase of office supplies. Post the adjusting entry to the two

accounts involved, and show their balances at November 30.

Requirement 1. Record the adjusting entry required at November 30. Record debits first, then credits. Select the explanation on the last line of the journal entry

Requirement 2. The Office Supplies T-account has been opened for you. Enter the beginning balance and purchaje of office supplies. Post the adjusting entry to

the two accounts involved, and show their balances at November 30.

Use "Nov. 1* as a posting reference to enter the beginning balance of the Office Supplies account, and use "Nov. purchases* as a posting reference to post the

purchase of office supplies during the month. Select the account name of the other account affected by the Office 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 reference.

Office Supplies