Question Help On November 1 Cooper Equipment had a beginnin

Question Help * On November 1, Cooper Equipment had a beginning balance in the Office Supplies account of $300. During the month, Cooper purchased $1,100 of ffice supplies. At November 30, Cooper Equipment had $600 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 on the last line of the journal entry table) Date Accounts and Explanation Debit Credit Nov. 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 two accounts using a \"Nov 30 posting reference, and then calculate and enter the ending balance of the accounts using a \"Bal posting reference Office Supplies Choose ftrom any lst or enter any number in the input fields and then continue to the next question 2

Solution

Total Stock of Supplies 300 Begiining + Purchase 1100 =1400

Total Stock in Hand at the end =600

Hence total Consumed or used (Expense)=1400-600=$800

		DR	CR
Nov-30	Office Supplie Expense	800
	Office Supplies		800