Question
Situation 1 2 3 4 Beginning supplies $2,100 $1,100 $700 $500 Purchases of supplies during the year ? 400 ? 500 Total amount to account
Situation | 1 | 2 | 3 | 4 |
Beginning supplies | $2,100 | $1,100 | $700 | $500 |
Purchases of supplies during the year | ? | 400 | ? | 500 |
Total amount to account for | 3,500 | ? | ? | 1,000 |
Ending supplies | (1,100) | (800) | (600) | ? |
Supplies Expense | $2,400 | ? | $1,500 | $800 |
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 |
Calculate the amounts that have been left blank for each situation.
Situation | 1 |
Beginning supplies | $2,100 |
Purchases of supplies during the year |
|
Total amount to account for | 3,500 |
Ending supplies | (1,100) |
Supplies Expense | $2,400 |
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