The Supplies account balance at the end of the period is $22,000. Supplies totaling $18,800 have been purchased during the period and added to Supplies. A physical count shows $5,000 worth of supplies on hand at the end of the period.
The proper adjusting entry is:

Question

Quizplus · Accepted Answer

The Answer of The Supplies account balance at the end of the period is $22,000. Supplies totaling $18,800 have been purchased during the period and added to Supplies. A physical count shows $5,000 worth of supplies on hand at the end of the period.
The proper adjusting entry is:

The Supplies Account Balance at the End of the Period