Please be as detailed as possible in explaining each step.

d) In July, the company purchased $5,000 of supplies. The entry was recorded as a debit to supplies. The supplies inventory at the beginning of the year was $2,200. supplies on hand at the end of the year totaled $1,730. e) The company paid their marketing agency $12,000 on May 1, 2016 to cover advertising expenses for the next 12 months. The company debited prepaid advertising expenses for the entire amount The company received $3,900 from a customer for a pool table on December 2, 2016 and recorded the entire amount as sales revenue. The pool table was delivered on January 13, 2017