The Supplies account balance at the beginning of the period was $6,600.Supplies totaling $12,825 were purchased during the period and debited to Supplies .A physical count shows $3,825 of Supplies at the end of the period.The proper journal entry at the end of the period
A)debits Supplies and credits Supplies Expense for $9,000.
B)debits Supplies Expense and credits Supplies for $12,825.
C)debits Supplies and credits Supplies Expense for $15,600.
D)debits Supplies Expense and credits Supplies for $15,600.
E)None of these choices are correct.

Question

Quizplus · Accepted Answer

The supplies used during the period is calculated as the beginning balance ($6,600) plus purchases ($12,825) minus the ending balance ($3,825), which equals $15,600. Therefore, Supplies Expense should be debited and Supplies credited for $15,600.

The Supplies Account Balance at the Beginning of the Period