At the end of the month,the adjusting journal entry to record the use of supplies would include:
A)A debit to supplies and a credit to supplies expense.
B)A debit to supplies expense and a credit to supplies.
C)A debit to supplies and a credit to revenue.
D)A debit to supplies and a credit to cash.

Question

Quizplus · Accepted Answer

The adjusting entry for the use of supplies is necessary to ensure that the supplies expense is recorded in the period in which they were used. This entry will decrease the supplies account and increase the supplies expense account. Therefore, the correct option is B, which is a debit to supplies expense and a credit to supplies.

At the End of the Month,the Adjusting Journal Entry to Record