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    SA55Y76's Avatar
    SA55Y76 Posts: 1, Reputation: 1
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    #1

    Sep 17, 2014, 07:49 AM
    How to enter inventory of unused supplies as an adjustment?
    How do you enter inventory of unused office supplies on an adjustment?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Sep 19, 2014, 06:28 AM
    You don't. The amount of adjustment will be for the amount of used office supplies. Normally you are given beginning inventory and a physical inventory amount at the end of the period, so you would take the ending inventory minus beginning inventory minus purchases equals your used supplies.

    Your adjustment will be:
    Debit Office Supplies Expense for the amount of office supplies used
    Credit Office Supplies for the amount of office supplies used
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