Homework Answers
1.
| Office Supplies | |||
| November 1 | 300 | ||
| November purchase | 1,100 | ||
2.
Beginning supplies = $300
Supplies purchased = $1,100
Ending supplies = $700
Supplies expense = Beginning supplies+ Supplies purchased- Ending supplies
= 300+1,100-700
= $700
| Date | General Journal | Debit | Credit |
| November 30 | Supplies expense | $700 | |
| Supplies | $700 | ||
| ( To record supplies expense) |
3.
| Office Supplies | |||
| November 1 | 300 | 700 | November 30 |
| November purchase | 1,100 | ||
| November 30 | 700 | ||
| Supplies Expense | |||
| November 30 | 700 | ||
Kindly comment if you need further assistance.
Thanks‼!
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