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11 November, 12:58

A company purchased $6,000 worth of supplies in August. On August 31, the balance in the Supplies account was $3,200. The adjusting entry includes

a: Debit to Supplies Expense for $3,200.

b. Credit to Supplies for $2,800.

c. Debit to Supplies for $2,800.

d. Credit to Cash for $2,800.

e. Credit to Supplies Expense for $2,800.

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Answers (1)
  1. 11 November, 13:06
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    The answer is C. Debit to Supplies for $2,800

    Explanation:

    Supplies of worth $6,000 was purchased in Aug.

    And on Aug. 31, $3,200 balance was left.

    That means $2,800 ($6,000 - $3,200) has been used.

    The supplies expense account will he debited for $2,800.

    Note that expense increases with debit and credit decreases expense.

    Option B, D, E are wrong because the expense increases and not decreases.
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