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dantes234
Jan 26, 2009, 03:46 PM
Office Supplies has a balance of 2,400. An Inventory at december 31 shows $1,700 of supplies of hand. What are the entries based on cost
codyman144
Jan 26, 2009, 03:49 PM
Hint: How much of the supplies did you use? What accounts do you think you need to adjust for this?
pready
Jan 28, 2009, 06:02 PM
your journal entry for the difference will be:

Debit Supplies Expense for the amount
Credit Supplies for the amount
codyman144
Jan 28, 2009, 08:32 PM
your journal entry for the difference will be:

Debit supplies expense for the amount
credit supplies for the amount

stop giving people the answers!!!!!