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The supplies inventory on August 1, 2022 was $7,300. Supplies costing $21,700 were acquired during the year and charged to the supplies inventory. A count
- The supplies inventory on August 1, 2022 was $7,300. Supplies costing $21,700 were acquired during the year and charged to the supplies inventory. A count on July 31, 2023 indicated supplies on hand of $6,400.
Required:
Prepare the adjusting entry that should be made on July 31, 2023?
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
