Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

The balance in the supplies account before adjustment at the end of the year is $6,250. The proper adjusting entry if the amount of supplies on hand at the end of the year is $1,500 would be

Sagot :

Tundexi

The proper adjusting entry of the supplies account will include a debit to Supplies Expense $4,750 and a credit to Supplies $4,750.

What is a Supplies expenses?

In account, this means cost of consumables that is used during a reporting period.

Supplies Expense = $6,250 - $1,500

Supplies Expense = $4,750

Therefore, its include a debit to Supplies Expense $4,750 and a credit to Supplies $4,750.

Read more about Supplies expenses

brainly.com/question/26374814

#SPJ1

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.