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Cullumber Company's general ledger showed $ 760 in the Supplies account on January 1, 2021. On May 31, 2021, the company paid $ 3,115 for
Cullumber Company's general ledger showed $ 760 in the Supplies account on January 1, 2021. On May 31, 2021, the company paid $ 3,115 for additional supplies. A count on December 31, 2021, showed $ 910 of supplies on hand. Prepare the journal entry to record the purchase of supplies on May 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit May 31 Supplies 3115 Cash 3115 eTextbook and Media List of Accounts Calculate the amount of supplies used in 2021. Supplies used $ eTextbook and Media List of Accounts Prepare the adjusting entry required at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 eTextbook and Media List of Accounts
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