(Answered) 1 a company buys 9000 in supplies on december 11 year one

Accounting

1. A company buys $9,000 in supplies on December 11, Year One. On the last day of that year, only $1,000 of these supplies remains with the company. The company's year-end trial balance shows a Supplies account of $9,000. What adjusting entry is needed?

2. A company buys $9,000 in supplies on December 11, Year One. On the last day of that year, only $1,000 of these supplies remains with the company. The company's year-end trial balance shows a Supplies Expense account of $9,000. What adjusting entry is needed?

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