On November 1, Salem Equipment had a beginning balance in the Supplies account of \($800.\) During the month, Salem Equipment purchased \($1,000\) of supplies. At November 30, Salem Equipment had \($400\) of supplies on hand.

Requirements 

1. Open the Supplies T-account and enter the beginning balance and purchase of supplies.

2. Record the adjusting entry required at November 30.

3. Post the adjusting entry to the two accounts involved and show their balances at November 30.