Office supplies on hand in the Melville Company amounted to $600 at the begin ning of the

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Office supplies on hand in the Melville Company amounted to $600 at the begin¬

ning of the year. During the year additional office supplies were purchased at a cost of $1,560 and charged to the asset account Office Supplies. At the end of the year a physical count showed that supplies on hand amounted to $810. Give the adjusting entry needed at December 31. LO8

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Accounting The Basis For Business Decisions

ISBN: 9780070415515

5th Edition

Authors: Robert F. Meigs, Walter B Meigs

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