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14 December, 22:29

Bramble Company purchased supplies costing $7160 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2030 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:

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  1. 14 December, 22:35
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    The adjusting entry is shown below:

    Supplies expense A/c Dr $5,130

    To Supplies A/c $5,130

    (Being supplies account is adjusted)

    The supplies expense is computed below

    = Purchase of supplied made - supplies still on hand

    = $7,160 - $2,030

    = $5,130

    We simply debited the supplies expense account and credited the supplies account
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