On June 1, during its first month of operations, Crooked Rain purchased supplies for $4,500 and debited the supplies account for that amount. At June 30, an inventory of supplies showed $1,000 of supplies on hand. What adjusting journal entries should be made for June? 

Answer rating: 100% (QA)

DR supplies expense 3500 CR supplies 3500 Explanation Adjusting entrie... View the full answer