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Please do A and B (Everything) Georgetown purchased supplies on August 8, 20X2. for $3.900. At the fiscal year-end on September 30 , the inventory

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Georgetown purchased supplies on August 8, 20X2. for \$3.900. At the fiscal year-end on September 30 , the inventory of supplies was $2.800. Required: a. Assume that Georgetown uses the consumption method of accounting for inventories: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. Prepare the entry for the purchase on August 8,202 2. Prepare the entries required on September 30,202, including the closing of the Expenditures account. 3. Assuming the supplies were used duting 203, prepare the entrles on September 30,203. Journal entry worksheet 34567 Record the acquisition of the inventory of supplies in 202. Note: Enter dehits before credits. Journal entry worksheet 67 Record the entry to recognize the ending inventory of supplies in 202. Note: Enter debits before credits. Journal entry worksheet 67 Record the entry to establish the fund reserve for ending inventory in 202. Notes Enter debits before credits: Journal entry worksheet 7 Record the entry to close the expenditures account in 20X2. Note: Enter debits before credits. Journal entry worksheet 7 Record the expenditures for the inventory consumed in 203. Note: Enter debits before credits. Journal entry worksheet Record the entry to remove the fund balance reserve for the inventory consumed in 203. Note: Enter debits before credits, Journal entry worksheet

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