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Home > Business & Careers > Accounting   »   Entry to adjust

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#1  
Old May 24, 2008, 05:56 PM
ak30
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Entry to adjust
The cost of supplies used during the accounting period is.
I have 2 choices:
a. Accounts payable, debit; supplies expenses,credit
b. Supplies Expense, debit; Supplies, credit.

which one is correct.....please answer????

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Old May 24, 2008, 11:08 PM   #2  
morgaine300
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Assuming this is for homework, please see our homework guidelines here:

http://www.askmehelpdesk.com/finance...-b-u-font.html

We aren't here just to do your work for you. At least show us an attempt to answer the question. Think about what it says: cost of supplies used. Which entry seems more logical? Or maybe more to the point, which ones seems least logical?
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