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On November 1 , Salem Equipment had a beginning balance in the Supplies account of $800. During the month, Salem Equipment purchased $1,000 of supplies.

image text in transcribedimage text in transcribed On November 1 , Salem Equipment had a beginning balance in the Supplies account of $800. During the month, Salem Equipment purchased $1,000 of supplies. At November 30, Salem Equipment had $400 of supplies on hand. Requirement 1. The Supplies T-account has been opened for you. Enter the beginning balance and purchase of supplies. (Use "Nov. 1" as a posting reference to enter the beginning balance and "Nov. purchases" as a posting reference to post the purchase of office supplies during the month.) Requirements 1. The Supplies T-account has been opened for you. Enter the beginning balance and purchase of supplies. 2. Record the adjusting entry required at November 30 . 3. Post the adjusting entry to the two accounts involved, and show their balances at November 30

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