Unlimited Doors showed supplies available during the year of $1,900.A count of the supplies on hand as of October 31 is $800.The adjusting entry for Store Supplies would include:
A)a debit to Store Supplies Expense for $800.
B)a credit to Store Supplies Expense for $800.
C)a debit to Store Supplies for $1,100.
D)a debit to Store Supplies Expense for $1,100.

Question

Quizplus · Accepted Answer

The adjusting entry should recognize the decrease in the supplies on hand from $1,900 to $800, which is a decrease of $1,100. This amount should be recorded as an expense, so it requires a debit to the Store Supplies Expense account for $1,100.

Unlimited Doors Showed Supplies Available During the Year of $1,900