Debit supplies account
Credit bank account
Debit dental supplies inventoryCredit cash / bank
[Debit] Dental Supplies [Credit] Cash
Debit supplies expensesCredit supplies inventory
Debit supplies expensesCredit supplies inventory
debit supplies expensecredit supplies inventory
debit supplies expensecredit supplies inventory
[Debit] Supplies expenses [Credit] Supplies Inventory
[Debit] Cash 300 [Credit]Purchased returns 300
The journal entry to record payment for supplies would involve crediting the cash account and debiting the supplies expense account.
Debit supplies expenseCredit supplies inventory
Since the purchase of supplies are recorded on the books and still sitting down to be taken off. The entry would be Credit office supplies and Debit the Cash account.
Debit supplies inventoryCredit accounts payable