The trial balance shows Supplies ($ 0) and Supplies the end of the period, the adjusting entry
Question:
The trial balance shows Supplies \(\$ 0\) and Supplies the end of the period, the adjusting entry is:
a. debit Supplies \(\$ 800\) and credit Supplies Expense \(\$ 800\).
b. debit Supplies Expense \(\$ 800\) and credit Supplies \(\$ 800\).
c. debit Supplies \(\$ 700\) and credit Supplies Expense \(\$ 700\).
d. debit Supplies Expense \(\$ 700\) and credit Supplies \(\$ 700\).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted: