Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance shows supplies $0 and supplies expense 1500$. If $800 of supplies are on hand at the end of the period, the adjusting

The trial balance shows supplies $0 and supplies expense 1500$. If $800 of supplies are on hand at the end of the period, the adjusting entry is: the answer: Dr. Supplies $800 and Cr. Supplies expense $800. I dont understand the answer. Does that mean that the beginning and purchases of the supplies = 0$? Why did we dr. Supplies 800 and Cr. Supplies expense 800? How did we calculate the 800$? Please I want the explanation as detailed as possible! I have a few questions .. could i text u though whatsup +965 55106107

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions