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Puppy Company purchased $3,500 of supplies on September 1st of the current year. At the end of the year a count of the supplies
Puppy Company purchased $3,500 of supplies on September 1st of the current year. At the end of the year a count of the supplies indicated that there $1,000 of supplies available. What is the adjusting journal entry required at the end of the year. (assume Puppy did not make any prior adjusting journal entry for supplies used). Select one: O Supplies 1,000 Accounts Payable 1000 O Supplies Expense 1,000 Supplies O Supplies 2,500 O Supplies Expense Supplies Expense 1,000 2,500 Supplies 2,500 2,500
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