Johnny S is a barber who does his own accounting for his shop. When he buys supplies he routinely debits Supplies Expense. Johnny purchased $3,100 of supplies in January and his inventory at the end of January shows $600 of supplies remaining. What adjusting entry should Johnny make on January 31?

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The Answer of Johnny S is a barber who does his own accounting for his shop. When he buys supplies he routinely debits Supplies Expense. Johnny purchased $3,100 of supplies in January and his inventory at the end of January shows $600 of supplies remaining. What adjusting entry should Johnny make on January 31?

Johnny S Is a Barber Who Does His Own Accounting