At the end of the month,the adjusting journal entry to record the use of supplies would include:
A)A debit to supplies and a credit to expenses.
B)A credit to supplies and a debit to expenses.
C)A debit to supplies and a credit to revenue.
D)A credit to supplies and a debit to cash.

Question

Quizplus · Accepted Answer

The correct adjusting journal entry to record the use of supplies involves a credit to the Supplies account (to decrease the asset as supplies are used) and a debit to the Supplies Expense account (to increase the expense, reflecting the cost of supplies used during the period).

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