Question: Using the data from Exercise 3-1, record the adjusting entries at the end of May to record the insurance expense and supplies expense. There were

Using the data from Exercise 3-1, record the adjusting entries at the end of May to record the insurance expense and supplies expense. There were $650 of supplies on hand as of May 31. Identify the adjusting entry for insurance as (a1) and supplies as (a2).

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