Supplies originally cost $600,but only $150 worth of supplies were used this period.The adjusting entry would be
A) debit Supplies Expense,$150; credit Supplies,$150.
B) debit Supplies Expense,$450; credit Supplies,$450.
C) debit Supplies,$150; credit Supplies Expense,$150.
D) debit Supplies,$450; credit Supplies Expense,$450.

Question

Quizplus · Accepted Answer

The correct adjusting entry to record the use of supplies is to debit Supplies Expense for the amount used ($150) and credit Supplies for the same amount, reflecting the decrease in supplies on hand.

Supplies Originally Cost $600,but Only $150 Worth of Supplies Were