Office Supplies had a beginning balance of $8,000. During the month, purchases of office supplies totaling $2,000 were debited to the Office Supplies account.
If $3,000 worth of office supplies is still on hand at month-end, what is the proper adjusting entry?

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The Answer of Office Supplies had a beginning balance of $8,000. During the month, purchases of office supplies totaling $2,000 were debited to the Office Supplies account.
If $3,000 worth of office supplies is still on hand at month-end, what is the proper adjusting entry?

Office Supplies Had a Beginning Balance of $8,000