Homework Answers
Unadjusted supplies = $180
Ending supplies = $40
Supplies expense = Unadjusted supplies - Ending supplies
= 180-40
= $140
On December 31, the following journal entry will be made for supplies expense:
| Date | General Journal | Debit | Credit |
| December 31 | Supplies expense | $140 | |
| Supplies | $140 | ||
| ( To record supplies expense) |
The adjusting entry would contain a debit to supplies expense $140 and a credit to supplies $140.
Kindly comment if you need further assistance. Thanks‼!
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