Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 37

On March 1, Phonic Corporation had office supplies on hand of $1,000.uring the month, Phonic purchased additional supplies costing $500.pproximately $200 of unused office supplies remain on hand at the end of the month.
Prepare the necessary adjusting entry on March 31 to account for office supplies.