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At the end of the month the adjusting journal entry relating to the use of supplies would include a?

Anonymous

∙ 10y ago

Updated: 10/21/2022

debit supplies expenses
credit supplies inventory

Wiki User

∙ 10y ago

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Related Questions

What are the types of journal entry?

1 - General journal entry2 - Adjusting journal entry3 - Month end adjusting entry

At December 31 the unadjusted trial balance of H and ampR Tacks reports Supplies of 9300 and Supplies Expense of 0. On December 31 supplies costing 7850 are on hand. and Acirc and nbsp 1. Prepare the?

To prepare the adjusting journal entry for supplies, first determine the supplies that have been used. The initial balance of supplies is $9,300, and with $7,850 on hand, the amount used is $9,300 - $7,850 = $1,450. The adjusting entry will debit Supplies Expense for $1,450 and credit Supplies for the same amount, ensuring that the Supplies account reflects the actual amount of supplies remaining on hand. Adjusting Entry: Debit Supplies Expense: $1,450 Credit Supplies: $1,450

Journal entry for supplies used?

Debit supplies expensesCredit supplies inventory

What will be the journal entry for supplies issued?

Debit supplies expensesCredit supplies inventory

What is the difference between journal entries vs adjusting entries?

Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.

School supplies beginning with j?

Journal, Jump drive

In which journal is the return of supplies purchased on account recorded?

General Journal

Which journal does bought office supplies on account go to?

Purchases journal

What would be the journal entry for supplies used?

debit supplies expensecredit supplies inventory

What is the journal entry of supplies used?

[Debit] Supplies expenses [Credit] Supplies Inventory

What is the journal entry for cost of supplies used?

debit supplies expensecredit supplies inventory

Are Adjusting journal entries dated on the last day of the period?

There are two kind of adjusting entries1 - Month end adjusting entries2 -General adjusting entriesMonth end adjusting entries are created at last date of month while other journal entries are dated when any adjustment required or error found.

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