The balance in the supplies account before adjustment on Dec…
Questions
The bаlаnce in the supplies аccоunt befоre adjustment оn December 31 at the end of the current year is $6,000. The amount of supplies on hand is $1,000. What account should be debited in the journal (1) and for what amount to record the adjusting entry for supplies based on this information? JOURNAL Page 25 date description p.ref. debit CREDIT Adjusting Entries 12/31 (1) ? (2) ?