Solved: The december 31 2011 physical count showed 383 of supplies, Accounting Basics

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The december 31 2011 physical count showed 383 of supplies

Question - The Supplies account had a $325 debit balance on December 31, 2010; and $3,480 of supplies were purchased during 2011. The December 31, 2011, physical count showed $383 of supplies available. For a general journal what is the debit and what is the credit?

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Accounting Basics: The december 31 2011 physical count showed 383 of supplies

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Accounting Basics: The december 31 2011 physical count showed 383 of supplies

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