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SUPPLIES Review the following 4 transactions to determine the ending balances at 12/31/21. Assume all transactions are in the same accounting period. 1) On
SUPPLIES Review the following 4 transactions to determine the ending balances at 12/31/21. Assume all transactions are in the same accounting period. 1) On April 10, 2021 Number Crunchers, Inc, Inc purchased $5,000 worth of supplies on account. 2) On September 18, 2021 Number Crunchers, Inc purchased another $3,000 worth of supplies on account. 3) On November 15, 2021 Number Crunchers, Inc made a payment of $8,000 towards accounts payable for the previous supply purchases. 4) Supplies were counted at year-end on 12/31/21. Supplies worth $2,000 remained. Supplies (the asset) $ Supplies Expense $ Accounts Payable $ Please upload your work in your PDF Upload. You may choose between showing T Accounts or Journal entries or both. Memos are not required if you choose to write journal entries. NO WORK SHOWN NO CREDIT
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