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On November 1, Crafty equipment had a beginning balance in the office supplies account of $1,700. During the month, Crafty purchased $1,900 of office supplies.

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On November 1, Crafty equipment had a beginning balance in the office supplies account of $1,700. During the month, Crafty purchased $1,900 of office supplies. At November 30, Crafty equipment had $900 of office supplies on hand. Requirements: 1.Open the office supplies T-account and record the beginning balance and purchase of office supplies. 2.Record the adjusting entries required at November 30. 3.Post the adjusting entry to the two accounts involved and show their balance at November 30

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