Question

g Metlock, Inc. purchased office supplies costing $6300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2250 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:

Answer 1

Dr Supplies Expense $4050

Cr Supplies $4050

Step-by-step explanation:

Preparation for the appropriate adjusting journal entry to be made at the end of the period

Based on the information given we were told that the company made purchased of office supplies of the amount of $6300 in which the full supplies amount was debited which means that if at the end of the accounting period the physical count of office supplies shows the amount of $2250 The appropriate adjusting journal entry to be made at the end of the period would be:

Dr Supplies Expense $4,050

Cr Supplies $4,050

($6300-$2250)