Chattahoochee Excursions,a calendar year company,purchased supplies at a cost of $12,215 during 2013.At January 1,Year 1,supplies on hand were $10,312.During the year,the company used $14,000 of supplies.
A) What adjusting entry is prepared at December 31 , Year 1 ?

Question

Chattahoochee Excursions,a calendar year company,purchased supplies at a cost of $12,215 during 2013.At January 1,Year 1,supplies on hand were $10,312.During the year,the company used $14,000 of supplies.
 A) What adjusting entry is prepared at December 31 , Year 1 ?

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The Answer of Chattahoochee Excursions,a calendar year company,purchased supplies at a cost of $12,215 during 2013.At January 1,Year 1,supplies on hand were $10,312.During the year,the company used $14,000 of supplies.
 A) What adjusting entry is prepared at December 31 , Year 1 ?

Chattahoochee Excursions,a Calendar Year Company,purchased Supplies at a Cost of $12,215