Purchased supplies that cost $27,000 on August 1. The purchase was originally recorded in the Supplies Expense account. A count of supplies at the end of August revealed $20,000 of supplies had been used up. Prepare the adjusting journal entry required at the end of the month. Include date ... omit explanations. Show your work for all calculated numbers and label your numbers.

Purchased supplies that cost $27,000 on August 1. The purchase was originally recorded in the Supplies Expense account. A count of supplies at the end of August revealed $20,000 of supplies had been used up. Prepare the adjusting journal entry required at the end of the month. Include date ... omit explanations. Show your work for all calculated numbers and label your numbers