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Requirement 1. Calculate the amounts that have been left blank for each situation. For situations 1 and 2, journalize the needed transaction. Consider each
Requirement 1. Calculate the amounts that have been left blank for each situation. For situations 1 and 2, journalize the needed transaction. Consider each situation separately Situation Beginning supplies Purchases of supplies during the year Total amount to account for Ending supplies Supplies Expense 1 2 $ 2,100 $ 1,100 $ 3 4 700 $ 500 400 500 3,500 ? ? 1,000 (1,100) (800) (600) ? $ 2,400 ? $ 1,500 $ 800
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