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The following is a partial unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 2/29/16 Debit Accounts Credit $15,500 Cash Supplies 14,000 $10,500 Accounts Payable
The following is a partial unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 2/29/16 Debit Accounts Credit $15,500 Cash Supplies 14,000 $10,500 Accounts Payable 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
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