Mathematics: Office supplies: the office supplies account started the year with a $4,000 debit balance. during the year, the company purchased supplies for $13,400, which added to the office supplies account. the inventory of supplies available at the end of the year totaled $2,554. 1. the beginning balance of office supplies: (5 pts) $4,000 2. the amount to be adjusted (show your calculation): (5 pts) 3. the ending balance of the account after the adjustment (show your calculation): (5 pts) 4. adjusting journal

Office supplies: the office supplies account started

orgaprince

16.01.2022

1. $4000

2. $14846

3. $2554

3. Dr. Supplies Expense Account 14846

Cr. Office Supplies Account 14846

Step-by-step explanation:

Opening balance = 4000

New purchases = 13400

Balance after Purchase = 17400

Year end balance = 2554

Adjustment in the year = 17400 - 2554 = 14846

Balancing

Opening balance = Dr. 4000

New purchases = Dr. 13400 (added in the balance)

Balance after Purchase = Dr. 17400

Adjustment in the year = Cr. 14846 (subtracted from the balance)

Year end balance = Dr. 2554

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