Supplies has a $6,000 unadjusted balance on your trial balance At year end you count supplies of $2,000 What adjustment will appear on your work sheet a Supplies 4,000 Supplies Expense 4,000 b Supplies Expense 2,000 Supplies 2,000 c Supplies Expense 4,000 Supplies 4,000 d No adjustment is needed be...

The formula for determining the supplies expense adjustment ...

Supplies has a $6,000 unadjusted balance on your trial balance. At year-end you count supplies of $2,000.

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Supplies has a $6,000 unadjusted balance on your trial balance. At year-end you count supplies of $2,000. What adjustment will appear on your work sheet?

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 10, 2024 01:50 AM

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Supplies has a $6,000 unadjusted balance on your trial balance. At year-end you count supplies of $2,000.

Question:

a. Supplies. 4,000 Supplies Expense.. 4,000 b. Supplies Expense. 2,000 Supplies............ 2,000 c. Supplies Expense 4,000 Supplies.......... 4,000 d. No adjustment is needed because the Supplies account already has a cor- rect balance.

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Accounting

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