question 3

At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $320. During the year, Golden Gopher purchases an additional $1,500 of supplies for cash. By the end of the year, only $120 of supplies remains: Required: 1.\&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense. Complete this question by entering your answers in the tabs below. Record the necessary entries in the Journal Entry Worksheet below. (it no entiy is required for a particular transectionvevent, select "Wa Journal Entry Required" in the first account field.) At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $320. During the year, Golden Gopher purchases an additional $1,500 of supplies for cash. By the end of the year, only $120 of supplies remains. Required: 1.\&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense. Complete this question by entering your answers in the tabs below. Calculate the year-end adjusted balances of Supplies and Supplies Expense. Record the purchase of supplies for $1,500 cash. Note: Enter debits before credits