At dec 31 the amount of unused supplies on hand was


Question - Shasa company made several purchases of office supplies totallying $3310 during its first year of operations it recorded all purchases by debiting the asset account, office supplies. At Dec. 31, the amount of unused supplies on hand was determined by count to amount to 1460. The proper adjusting entry would be?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: At dec 31 the amount of unused supplies on hand was
Reference No:- TGS02560405

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)