The adjusting entry for supplies used requires a to Supplies and a to Supplies Expense.

Question

The adjusting entry for supplies used requires a to Supplies and a to Supplies Expense.
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Solution 1

The adjusting entry for supplies used requires a debit to Supplies Expense and a credit to Supplies.

Here are the steps:

  1. Identify the amount of supplies used during the period. This is done by subtracting the ending balance of supplies from the beginning balance.

  2. Debit (increase) the Supp Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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