Indicate the adjusted balance in each account

Reference no: EM133655542

Question: Lily Advertising Ltd's opening trial balance on January 1 shows Supplies $1,620. On January 11, the company purchased additional supplies for $1,750 on account. On January 31, there are $1,140 of supplies on hand. Using T accounts, enter the opening balances in the affected accounts, post the journal entries above, and indicate the adjusted balance in each account.

Reference no: EM133655542

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