The balance brought forward from the month of June for store supplies on hand is $378.The new balance for the month of July is $471,and the balance of store supply expense is $941.How do I make the adjustments or the entry for the month of July.Thank u

You simply carry the difference to the expense account by debiting supplies and crediting expense

Quote:

---

Originally Posted by paraclete

you simply carry the difference to the expense account by debiting supplies and crediting expense

---

Thank u for your help.I really apreciated.