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27 August, 00:51

Supplies at the beginning of the year totaled $2,000. During 2021, additional supplies of $18,000 were purchased, and the entire amount was debited to Supplies. Supplies remaining at the end of the year total $4,000. Record the adjusting entry for supplies at its year-end of December 31.

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  1. 27 August, 02:43
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    supplies expense 16,000 debit

    supplies 16,000 credit

    Explanation:

    beginning supplies

    + purchase of supplies

    available for use

    -ending supplies (supplies at hand)

    used supplied

    2,000 + 18,000 = 20,000

    ending supplies: 4,000

    supplies expense 16,000

    we will decrease the supplies account and declare the expense.
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