a. The unadjusted balance of the supplies account was $12,000. At the end of the month, unused supplies of $2,500 remained. What will be the value of the adjusting entry journal related to supplies?

b. The unadjusted balance of the supplies account was $12,000. During the month the company has used supplies of $9,500. What will be the balance of the supplies account in the adjusted trial balance?

Answer rating: 100% (QA)

A Opening balance 12000 Unused supplies 2500 Used supplies Opening balance un... View the full answer