Question: Analyze each situation and indicate the correct dollar amount for the adjusting entry. 1. Ending inventory of supplies is $95. 2. Amount of supplies used

Analyze each situation and indicate the correct dollar amount for the adjusting entry.

1. Ending inventory of supplies is $95.

(Balance Sheet) (Income Statement) Supplies Expense Supplies TB 540 Adj. Adj. Bal.

2. Amount of supplies used is $280.

(Balance Sheet) (Income Statement) Supplies Expense Supplies TB 540 Adj. Adj. Bal.

(Balance Sheet) (Income Statement) Supplies Expense Supplies TB 540 Adj. Adj. Bal.

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