To adjust the supplies account, you need to recognize the amount of supplies used. The supplies used can be calculated by subtracting the ending inventory from the supplies account balance: $2,250.00 - $950.00 = $1,300.00. The adjusting entry would be a debit to the Supplies Expense account for $1,300.00 and a credit to the Supplies account for $1,300.00.
Copyright © 2026 eLLeNow.com All Rights Reserved.