At the end of the month,the adjusting journal entry to record the use of supplies would include a debit to:
A)Supplies and a credit to Supplies Expense.
B)Supplies Expense and a credit to Supplies.
C)Supplies and a credit to Service Revenue.
D)Supplies and a credit to Cash.

Question

Quizplus · Accepted Answer

The adjusting journal entry to record the use of supplies would include a debit to Supplies Expense (to increase that account)and a credit to Supplies (to decrease that account).

At the End of the Month,the Adjusting Journal Entry to Record