Unlimited Doors showed supplies available during the year of $2,300. A count of the supplies on hand as of October 31 is $1,200. The adjusting entry for Store Supplies would include:

Question

Quizplus · Accepted Answer

The correct adjusting entry is to debit Store Supplies Expense for $1,100, which is the amount of supplies used during the year ($2,300 available - $1,200 left = $1,100 used).

Unlimited Doors Showed Supplies Available During the Year of $2,300