On November 1, Candid Equipment had a beginning balance in the Office Supplies account of $1,100.

During the month, Candid purchased $2,300 of office supplies.

At November 30, Candid Equipment had $1,700 of office supplies on hand.

Requirements

1.The Office Supplies T-account has been opened for you. 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

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

If its a multiple choice test, then it should be a conservationist.