Record year$-$end adjusting entries for each separate situation.

a$.$ The Supplies account had a balance of $$7,800$ at the beginning of the year. During the year, the company purchases $$3,400$ of

supplies. As of December $31,$ a physical count of supplies shows $$1,500$ of supplies available.

b$.$ On November $1,$ the company paid $$2,600$ for six months of insurance coverage. No adjustments have been made to the Prepaid

Insurance account, and it is now December $31.$

Note: Do not round intermediate calculations and round the final answers to nearest whole number.

Journal entry worksheet

$1$

$2$

Record the supplies used during the year.

Note: Enter debits before credits.