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At the beginning of december, global corporation had $1,400 in supplies on hand. during the month, supplies purchased amounted to $3,800, but by the end of the month the supplies balance was only $1,900. what is the appropriate month-end adjusting entry?

Respuesta :

Aliwohaish12
First calculate supplies used as follows

Beginning balance 1400
Add supplies purchase 3800
Less ending balance 1900

Supplies used
1,400+3,800−1,900=3,300

The appropriate month-end adjusting entry would be
Debit supplies expense $3300
credit supplies $3300

Hope it helps!