Question

GreenSource Company began the period with $330 in supplies. During the month, an extra $1,500 of supplies were purchased. A physical inventory at the end of the period revealed that there was $585 of supplies on hand. The adjusting entry should include a ______.a. credit to Supplies Expense for $585. b. debit to Supplies for $585. c. credit to Supplies Expense for $1,245. d. credit to Supplies for $1,245

Answer 1

The right answer for the question above is: b. debit to Supplies for $585.