Ask Experts Questions for FREE Help !
Ask
    ak30's Avatar
    ak30 Posts: 3, Reputation: 1
    New Member
     
    #1

    May 24, 2008, 06:56 PM
    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??
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #2

    May 25, 2008, 12:08 AM
    Assuming this is for homework, please see our homework guidelines here:

    https://www.askmehelpdesk.com/financ...-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?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How does an eliminating entry differ from an adjusting entry [ 2 Answers ]

How does an eliminating entry differ from an adjusting entry

Need to know if I have the right answer to a jounal entry to adjust the balance in Un [ 5 Answers ]

The answer I have is 2,000 debit, Rev: 2,000credit, Unearned Rev. The following info was given Unearned Rev 5,700 Rev 28,000 Balance in unearned rev 2,000

How to Adjust This entry [ 3 Answers ]

I have a computer simulation project for principles of accounting and I am stuck on this entry. The question posted is: A total of $985 worth of media advertising, paid for and correctly charged to the Advertising expense account, will be received/used in the first two weeks of July(third quarter)....

Adjust Well Pressure [ 4 Answers ]

I am trying to adjust the pressure on my well. It is at 60 when the water is off and it "starts" when then pressure hits 48, I need to get it down to 40. There are 2 screws I have adjusted both screws, both counter clockwise and clockwise. Neither one seems to lower that pressure. They raise or...


View more questions Search