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Also, i have no clue what is to be selected in that drop down where it says 12/31 and 12/31 bal.
Wildhorse Advertising Companys trial balance at December 31 shows Supplies $8,200 and Supplies Expense $0. On December 31, t
WHUMUTLU HUVILI U mpanys trial balance at December 31 shows Supplies $8,200 and Supplies Expense $0. On December 31, there a
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Answer #1

--Adjusting entry for amount $ 5000 is absolutely correct.

--T Accounts

Supplies
Beg Bal $8,200 Dec 31: Adj $5,000
End Bal $3,200
Supplies Expense
Dec 31: Adj $5,000
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