Walter's Windows showed supplies available during the year of $1,700. A count of the supplies on hand as of October 31 is $600. The adjusting entry for Store Supplies expense would include

Question

Quizplus · Accepted Answer

To adjust for the supplies on hand as of October 31, we need to take the difference between the supplies available during the year and the supplies on hand, which is $1,700 - $600 = $1,100. This amount should be debited to Store Supplies Expense to properly recognize the portion of supplies used during the year. Therefore, the correct answer is D - a debit to Store Supplies Expense for $1,100.

Walter's Windows Showed Supplies Available During the Year of $1,700