QUESTION 7 CHAPTER 32

Situation	1	2	3	4
Beginning supplies	$2,100	$1,100	$700	$500
Purchases of supplies during the year	?	400	?	500
Total amount to account for	3,500	?	?	1,000
Ending supplies	(1,100)	(800)	(600)	?
Supplies Expense	$2,400	?	$1,500	$800

Requirement

1.	Calculate the amounts that have been left blank for each situation. For situations 1 and 2, journalize the needed transaction. Consider each situation separately.

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Part 1

Calculate the amounts that have been left blank for each situation.

Situation	1
Beginning supplies	$2,100
Purchases of supplies during the year
Total amount to account for	3,500
Ending supplies	(1,100)
Supplies Expense	$2,400