Some of the transactions in (a) above will require adjusting entries on 30 June 20X2 when the business prepares its financial statements.

Additional information: At the beginning of May 20X2, there was $620 of office supplies on hand. At 30 June 20X2, $450 of office supplies remained. No further purchases of office supplies were made in May or June other than the above.

Required:

Record all adjusting entries required. Show all calculations. Narrations are not required.