on november 1 channel equipment had a beginning balance in the office supplies accou 4372416

On November 1, Channel Equipment had a beginning balance in the Office Supplies account of $ 800. During the month, Channel purchased $ 1,000 of office supplies. At November 30, Channel Equipment had $ 400 of office supplies on hand. Requirements 1. Open the Office Supplies T-account and enter the beginning balance and ­purchase of office supplies.2. Record the adjusting entry required at November 30. 3. Post the adjusting entry to the two accounts involved and show their balances at November 30.View Solution:
On November 1 Channel Equipment had a beginning balance in

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