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Amount of supplies Buthainah Corporation had on December 3 1 , 2 0 1 6 : $ 4 , 0 0 0 Amount of supplies

Amount of supplies Buthainah Corporation had on December 31,2016: $4,000
Amount of supplies Buthainah bought in January of 2017: $2,000
Amount of supplies Buthainah had on hand on January 31,2017: $2,500
1. Prepare the January 31,2017 T account based on the given information by filling in the
4 highlighted cells below (4 points).
Supplies
2. Record the adjusting journal entry on January 31,2017 to show supplies used during the
month of January (2 points).

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