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sain advertising ltds opening trial balance on january 1 shows...

Question: sain advertising ltds opening trial balance on january 1 shows...

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Sain Advertising Ltd.s opening trial balance on January 1 shows Supplies $1,630. On January 11, the company purchased additional supplies for $2,330 on account. On January 31, there are $1,230 of supplies on hand. Using T accounts, enter the opening balances in the affected accounts, post the journal entries above, and indicate the adjusted balance in each account. (Post entries in the order of journal entries presented in the previous question.) Supplies Open, Bal. 1630 Jan. 31 Adj. 2730 Jan. 11 2330 Jan. 31 Bal. 1230 Supplies Expense 2730 Jan. 31 Adj. + Jan. 31 Bal. 2730

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