onnect Assignment #$2$ for $Ch4.$

wrestling activities for fun by learning how to perform headlocks, leg scissors and other tricks.

The following transaction occurred during the first month of operations, please indicate how the adjusting journal entry $($AJE$)$ at the end of September should be recorded:

September

Description

Amount

$30$

Inventory of brochures and cards showed that two thirds of those acquired for $$300$ are still available $($not used$)$

$$200$

Multiple Choice

The transaction does not need an AJE

Dr$.$ Office Supplies at hand $100$ and $Cr.$ Office Supplies Expense $100$

Dr$.$ Office Supplies at hand $300$ and $Cr.$ Cash $300$

None of the other journal entries are correct, it is another journal entry

Dr$.$ Office Supplies Expense $200$ and Cr$.$ Cash $200$