Question
The following is a partial unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 2/29/16 Accounts Debit Credit Cash $15,500 Supplies 14,000 Accounts Payable $10,500
The following is a partial unadjusted Trial Balance.
Bravo Unlimited
Unadjusted Trial Balance (partial)
2/29/16
Accounts
Debit
Credit
Cash
$15,500
Supplies
14,000
Accounts Payable
$10,500
Supplies Expense
5,000
The Supplies account balance on February 1, 2016 was $2,000. During the month of February Bravo purchased $12,000 of supplies for use in its operations. On February 29, Bravo warehouse chief inventoried supplies and determine the value on hand was $1,500. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment. If no entry is required then write "No EntryRequired."
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