Question

The beginning balance in the Supplies account is 5600. The actual supplies on hand are 5400. Write the adjusting journal entry to record the supplies that were used.

Debit Supplies Expense 400: Credit Supplies 400
Debit Supplies Expense 200: Credit Supplies 200
Debit Prepaid Supplies 500: Credit Cash 500
Debit Supplies Expense 100: Credit Supplies 100

Answer 1

debit supplies expenses from 100 to 400 because if the unity and the debit prepaid supplies.