118k views
2 votes
He balance in the office supplies account on May 1 was $6,380, supplies purchased during May were $4,740, and the supplies on hand at May 31 were $2,360. The amount to be used for the appropriate adjusting entry is:

A. $8,760.
B. $13,480.
C. $8,740.
D. $4,740.

User Stevenmc
by
8.5k points

1 Answer

4 votes

Answer:

A. $8,760.

Step-by-step explanation:

Given: Beginning balance of office supplies= $6380.

Purchased supplies= $4740

Ending inventory of office supplies= $2360.

Now, calculating the amount used for the appropriate adjusting entry.

⇒ Amount for adjusting entry=
\$ 6380+\$ 4740- \$ 2360

⇒ Amount for adjusting entry=
\$ 11120 - \$ 2360

Amount for adjusting entry=
\$ 8760

Hence, $8760 is used for the appropriate adjusting entry.

User BrooklynSon
by
7.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories