Question

Current Attempt in Progress Sain Advertising Ltd's opening trial balance on January 1 shows Supplies $1,730. On January 11, the company purchased additional supplies for $2,790 on account. On January 31, there are $1,560 of supplies on hand. Part 1 Prepare the journal entry to record the purchase of supplies on January 11. (Credit account titles are automatically intended when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 11 eTextbook and Media List of Accounts

Answer 1

Sain Advertising Ltd Opening trail Balance as on Jan 1
	Amnt($)
Supplier opening Balance	1,730
Add
Purchased addition	2,790
Supplies
Total Supplies	4,520
less
Supplier Expenses	2,960	( Balacing Number)'
31st Jan closing Supplier account	1,560

Date '	Details	Debit($)	Credit($)'
31st Jan'	Supplier Expenses	2,960
	Supplies/( Account Payable)		2,960