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4 November, 02:53

Prior to recording adjusting entries, the Office Supplies account had a $379 debit balance. A physical count of the supplies showed $104 of unused supplies available. The required adjusting entry is:

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  1. 4 November, 03:06
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    Debit Supplies expenses for $275

    Office supplies for $275

    Explanation:

    Before the adjusting entry, the following adjustment has to be made first:

    Ending balance of supplies that has not been adjusted = $379

    Physical ending balance = $104

    Amount of used supplies during the period = $379 - $104 = $275

    This $275 will be recorded as supplies expense. Therefore, the adjusting entry will be as follows:

    Particulars Dr ($) Cr ($)

    Supplies expenses 275

    Office supplies 275

    (To record the supplies expense for the period.)

    The above entries will then reduce enduing balance of supplies from $379 to $104.
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