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  3. bird watcher corporation experienced four situations for its supplies click...

Question: bird watcher corporation experienced four situations for its supplies click...

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Bird -Watcher Corporation experienced four situations for its supplies. 囲(Click on the icon to view the four situations.) 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 Calculate the amounts that have been left blank for each situation. Situation Beginning supplies Purchases of supplies during the year Total amount to account for Ending supplies Supplies Expense For situations 1 and 2, journalize the needed transaction. Consider each situation separately. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the entry for situation 1 to record the purchase of supplies. 300 700 2,500 1,500 (1,040)40(500) $ 1,460 $1.500 S1,400 Data Table Journal Entry Accounts Debit Credit Situation $ 1,800 S 1,000 1,000$ 800 700 Beginning supplies 300 Purchases of supplies during the year Total amount to account for 2,500 ? 1,500 Ending supplies 1,040 (400 (500) Choose from any list or enter any number in the input fields and then continue to the next q Supplies Expense $ 1460 ? S 1,500 $ 1,400For situation 2, make the needed journal entry to record Supplies Expense Journal Entry Accounts Debit Credit 2What type of account is Unearned Revenue? O A. Expense OB. Liability O C. Revenue O D. Asset

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