[The following information applies to the questions displayed below.]

On January 10, 2016, the first day of the spring semester, the cafeteria of The Defiance College purchased for cash enough paper napkins to last the entire 16-week semester. The total cost was $4,850.

b. Prepare the journal entry for each of the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1. The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense.

2. At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled $990.

3. The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset.

4. At January 31 if the initial purchase had been recorded as in c.

View transaction list Journal entry worksheet 2 4 The purchase of the paper napkins, assuming that the purchase was initially recorded as an expense. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 At January 31, it was estimated that the cost of the paper napkins used during the first three weeks of the semester totaled 990. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Cost of goods sold Record entry Clear entry View general journal Journal entry worksheet 2 4 The purchase of the paper napkins, assuming that the purchase was initially recorded as an asset. Note: Enter debits before credits. Transaction General Journal Debit Credit . Record entry Clear entry View general journal Journal entry worksheet 2 3 4 At January 31 if the initial purchase had been recorded as in c Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal