Hi there, so I am doing adjusting entries and one of them is<\/p>
supplies on hand jan 1 2019 6000<\/p>
supplies on hand dec 31 2019 4000<\/p>
<\/p>
What would be the adjusting entry? And another important information is on April 2019 they purchased supplies for a 1000 plus hst. -This info was apart of the journal entry I had to do for the transactions of 2019.<\/p>
<\/p>
With these info I also have to a closing entry so I don t know If I should put supplies expense $5000 or $4000. What do u think?<\/p>", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "978-1118443965, 1118800532, 9781118800539, 978-0470873991", "edition": "IFRS Edition", "authors": "kieso, weygandt and warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/71.jpg", "uri": "\/textbooks\/intermediate-accounting-ifrs-edition-71", "see_more_uri": "" }, "free_related_book": { "isbn": "1989737587", "uri": "\/textbooks\/own-it-honouring-and-amplifying-accountability-1st-edition-978-1989737583-234773", "name": "Own It Honouring And Amplifying Accountability", "edition": "1st Edition" }, "question_posted": "2024-06-14 20:50:41", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/an-electronics-firm-is-currently-manufacturing-an-item-that-has", "description": "An electronics firm is currently manufacturing an item that has a variable cost of $.50 per unit and a selling price of $1.00 per unit Fixed costs are $14,000. 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