On November 1, Carley Equipment had a beginning balance in the Office Supplies account of $500. During the month, Carley purchased $2,300 of office supplies. At November 30, Carley Equipment had $200 of office supplies on hand. Requirements 1. Record the adjusting entry required at November 30. 2. The Office Supplies T-account has been opened for you. Enter the beginning balance and purchase of office supplies. Post the adjusting entry to the two accounts involved, and show their balances at November 30. Requirement 1. Record the adjusting entry required at November 30. (Record debits first, then credits. Select the explanation the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Νow 30 Requirement 2. The Office Supplies T-account has been opened for you. Enter the beginning balance and purchase of office supplies. Post the adjusting entry to the two accounts involved, and show their balances at November 30. Use "Nov. 1" as a posting reference to enter the beginning balance of the Office Supplies account, and use "Nov. purchases" as a posting reference to post the purchase of office supplies during the month. Select the account name of the other account affected by the Office Supplies adjustment. Post the adjustment to the twe accounts using a "Nov. 30" posting reference, and then calculate and enter the ending balance of the accounts using a "Bal." posting reference. Office Supolies

December 31, 20, according to the Trial Balance, the Office Supplies account has a balance of 2,100.00.Adjustment data reveals that 960.00 of office supplies are on hand at the end of the period.Journalize the adjusting entry.

Reviewing insurance policies revealed that a single policy was purchased on August 1, for oneyear’s coverage, in the amount of $6,000. There was no previous balance in the Prepaid Insurance account atthat time. Based on the information provided:A. Make the December 31 adjusting journal entry to bring the balances to correct.B. Show the impact that these transactions had.

Sequoya Printing purchases office supplies for $75 on October 2. The staff uses the office supplies continually on a daily basis throughout the month. By the end of the month, office supplies of $25 remain. Record the month-end adjusting entry for office supplies (assuming the balance of Office Supplies at the beginning of October was $0).

CLOSING ENTRIES AND POST-CLOSING TRIAL BALANCE Refer to thework sheet in Problem 6-7A for Megaffin's Repairs. The trial balanceamounts (before adjustments) have been entered in the ledger accountsprovided in the working papers. If you are not using the working papersthat accompany this book, set up ledger accounts and enter thesebalances as of January 31, 20--. A chart of accounts is provided attached.   REQUIRED 1. Journalize (page 10) and post the adjusting entries.2. Journalize (page 11) and post the closing entries.3. Prepare a post-closing trial balance.

Prepare the journal entries, with appropriate journal entry descriptions, for 2020, including any required year-end adjusting entries.The company prepares annual adjusting entries.

On December 31, the balance in the office supplies account is $1,295. A physical count shows $425 worth of supplies on hand. Journalize the adjusting entry for supplies. If an amount box does not require an entry, leave it blank. Dec. 31 Previous