Prior to recording adjusting entries, the Office Supplies account had a $390 deb

Question

Prior to recording adjusting entries, the Office Supplies account had a $390 debit balance. A physical count of the supplies showed $140 of unused supplies available. The required adjusting entry is:

rev: 10_04_2012

Debit Office Supplies Expense $250 and credit Office Supplies $250. Debit Office Supplies Expense $140 and credit Office Supplies $140. Debit Office Supplies $140 and credit Office Supplies Expense $250. Debit Office Supplies $140 and credit Office Supplies Expense $140. Debit Office Supplies $250 and credit Supplies Expense $250.

Explanation / Answer

Debit Office Supplies Expense $140 and credit Office Supplies $140.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.