At the beginning of the year, Golden Gopher Company reports a balance in Supplies of...

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Accounting

At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $400. On May 15, Golden Gopher purchases an additional $2,300 of supplies for cash. By the end of the year, only $200 of supplies remains.
Required:
Record the purchase of supplies on May 15.
Record the adjusting entry on May 31.
Complete this question by entering your answers in the tabs below.
Required 1
Record the adjusting entry on May 31.
Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the adjusting entry.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[May 31,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $400. On May 15, Golden Gopher purchases an additional $2,300 of supplies for cash. By the end of the year, only $200 of supplies remains.
Required:
Record the purchase of supplies on May 15
Record the adjusting entry on May 31.
Complete this question by entering your answers in the tabs below.
Required 1
Record the purchase of supplies on May 15.
Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the purchase of supplies.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[May 15,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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