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Anastaziya [24]
3 years ago
5

On the end-of-period spreadsheet, Supplies has a balance of $2,000 in the Unadjusted Trial Balance Debit column and an adjustmen

t of $500 in the Adjustments Credit column. What should appear for Supplies in the Adjusted Trial Balance column?
Business
1 answer:
Mademuasel [1]3 years ago
7 0

Answer:

$1,500

Explanation:

On the end-of-period spreadsheet, the credit adjustment of $500 is made in the Debit balance of Supplies inventory, which will net off the values and resulted Supplies Inventory value will be $1,500 at the end of the year and it will be reported on the financial statements. $1,500 should be appeared for supplies in the adjusted Trial Balance column.

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