Define beginning balance and purchase of office supplies

Reference no: EM131814849

Question: Journalizing and posting an adjusting entry for office supplies On November 1, Carley Equipment had a beginning balance in the Office Supplies account of $1,400. During the month, Carley purchased $2,300 of office supplies. At November 30, Carley Equipment had $1,800 of office supplies on hand. Requirements

1. The Office Supplies T-account has been opened for you. Enter the beginning balance and purchase of office supplies.

2. Record the adjusting entry required at November 30.

3. Post the adjusting entry to the two accounts involved, and show their balances at November 30.

Reference no: EM131814849

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