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

a$.$ The Supplies account had a balance of $$7,600$ at the beginning of the year. During the year, the company purchases $$3,300$ of

supplies. As of December $31,$ a physical count of supplies shows $$1,450$ of supplies available.

b$.$ On November $1,$ the company paid $$2,500$ 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

Record the supplies used during the year.

Note: Enter debits before credits.