Each of the following columns represents a Supplies account:

1. Determine the amounts indicated by the question marks?
2. Make the adjusting entry for column a, assuming supplies purchased are debited to an asset account?

Transcribed Image Text:

bo $264 $217 $196 $ ? Supplies on hand at July 1 Supplies purchased during the month 52 174 ,928 Supplies consumed during the month 194 972,632 Supplies on hand at July 31 ? 436 56 ,118