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

    Dec 5, 2010, 09:58 PM
    Accounting
    Supplies consumed during the month,$1,500. Half is selling, and the other half is general expense.
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Dec 5, 2010, 11:33 PM

    I assume you are looking for the journal entry to record this. Supplies is an asset where you book supplies when purchased, and they are written off as used. If you have a chart of accounts or trial balance, look for accounts in your expenses that make sense to use for the selling and general expenses. Dr expense, cr asset (as it is being decreased)
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