Answer:
Supplies Expense 1,559 Supplies 1,559 Supplies used ($2,389 – $830).
Ex 3-3 Adjusting entry for supplies
The balance in the supplies account, before adjustment at the end of the year, is $2,389. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $830.
Answer:
Supplies Expense 1,559 Supplies 1,559 Supplies used ($2,389 – $830).
Answer:
Supplies Expense 1,559 Supplies 1,559 Supplies used ($2,389 – $830).