Part 4. Journal Entries and Problems Prepare the appropriate journal entries. Include explanations and dates. (4 points each unless stated otherwise). 1. Your company purchased seven months' worth of office supplies on January 1 for $35,000 Terms: 2/10 n 30. 2. Assume the facts in problem 1. On March 31, an inventory of supplies was taken, and $22.000 worth of supplies were remaining in office supplies inventory