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Sain Advertising Ltd.s opening trial balance on January 1 shows Supplies $1,850. On January 11, the company purchased additional supplies for $2,350 on account. On
Sain Advertising Ltd.s opening trial balance on January 1 shows Supplies $1,850. On January 11, the company purchased additional supplies for $2,350 on account. On January 31, there are $1,590 of supplies on hand. Your answer is partially correct. Using T accounts, enter the opening balances in the affected accounts, post the journal entries above, and indicate the adjusted balance in each account. (Post entries in the order of journal entries presented in the previous question.) Supplies Open, Bal. 1850 | | Jan. 31 Adj. # 2610 Jan. 11 2350 Jan. 31 Bal. 1590 Supplies Expense Jan. 31 Adj. 2610 Jan. 31 Bal
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