Wikitekkee purchased supplies costing $4,000 and records the entire purchase as supplies expense on January 1, 2021. On December 31, 2021, the company have unused supplies of $2,000. Which one of the following would be recorded in the journal entry on December 31, 2021? A) Debit supplies expense $2,000. B) Debit supplies $2,000. C) Credit supplies expense $4,000. D) Debit supplies $4,000.

Answer rating: 100% (QA)

The correct answer is B Debit supplies 2000 This entry refl... View the full answer