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On January 7, Bravo purchased supplies on account for $1,000, and recorded this purchase to the Supplies account.At the end of January, Bravo had $600
On January 7, Bravo purchased supplies on account for $1,000, and recorded this purchase to the Supplies account.At the end of January, Bravo had $600 of these supplies still on hand.The proper adjusting journal entry at January 31 would:
include a credit to Supplies for $400
include a debit to Supplies Expense for $600
include a debit to Supplies for $1,000
include a debit to Accounts Payabl
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