On January 1, 2018, Wakefield City purchased office supplies for $40,000.During the year, $35,000 of these supplies were used.
Required:
Record the journal entries for these transactions using the consumption method.(Disregard the encumbrance entries.)

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The Answer of On January 1, 2018, Wakefield City purchased office supplies for $40,000.During the year, $35,000 of these supplies were used.
Required:
Record the journal entries for these transactions using the consumption method.(Disregard the encumbrance entries.)

On January 1, 2018, Wakefield City Purchased Office Supplies for $40,000.During