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    m_hunter75's Avatar
    m_hunter75 Posts: 1, Reputation: 1
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    #1

    Feb 4, 2010, 11:40 AM
    How to prepare an adjusting journal entry
    A company started office supplies with 1500.00 balance. Purchased supplies for 5000.00. The inventory of available supplies at end of year is 50.How to post
    Ghc318's Avatar
    Ghc318 Posts: 13, Reputation: 1
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    #2

    Feb 9, 2010, 12:55 AM

    IF there isn't any other info.
    The entry could be:
    Dr. supplies expense
    Cr. Supplies
    The amount would be (Begin balance + Purchases) - end balance
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