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At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $500. During the year, Golden Gopher purchases an additional $3,300 of supplies for cash. By the end of the year, only $300 of supplies remains. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) General Journal No 1 * 2 Transactic 1 2 Supplies Cash Supplies (Required 1 and 2 Required 3 > Debit 3,300 Credit 3,300 3,500

At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $500. During the year, Golden Gopher purchases an additional $3,300 of supplies for cash. By the end of the year, only $300 of supplies remains. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) General Journal No 1 * 2 Transactic 1 2 Supplies Cash Supplies (Required 1 and 2 Required 3 > Debit 3,300 Credit 3,300 3,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $500. During the year, Golden Gopher purchases an additional $3,300 of supplies for cash. By the end of the year, only $300 of supplies remains. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) General Journal No 1 2 Transactic 1 2 Supplies Cash Supplies (Required 1 and 2 Required 3 > Debit 3,300 Credit 3,300 3,500
Transcribed Image Text:At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $500. During the year, Golden Gopher purchases an additional $3,300 of supplies for cash. By the end of the year, only $300 of supplies remains. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Supplies and Supplies Expense Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) General Journal No 1 2 Transactic 1 2 Supplies Cash Supplies (Required 1 and 2 Required 3 > Debit 3,300 Credit 3,300 3,500
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