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Event F A company uses $4,000 worth of supplies previously purchased. (1) Did a transaction occur? (2) What account type(s) & descriptions are involved? (3)
Event F A company uses $4,000 worth of supplies previously purchased. (1) Did a transaction occur? (2) What account type(s) \& descriptions are involved? (3) Did the account(s) increase (+) or decrease (-)? (4) What is the normal balance of the account and is the increase/decrease a debit or credit? (5) Make the Journal Entry: \begin{tabular}{|c|c|c|c|c|} \hline (2) Account Name & (2)AccountType & (3)TransactionAccount+/ & (4)AccountNormalBalance & (4)TransactionDebitorCredit \\ \hline & & & & \\ \hline & & & & \\ \hline Account Name & Debit & Credit \\ \hline \multicolumn{2}{|l|}{} & & \\ \hline \end{tabular}
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