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erastovalidia [21]
3 years ago
9

At March 1, 2020, Candy Inc. had supplies on hand of $500. During the month, Candy purchased supplies of $1,200 and used supplie

s of $1,500. The March 31 adjusting journal entry should include a?
Mathematics
1 answer:
77julia77 [94]3 years ago
4 0

Answer:

Dr supplies expense $1,500

Cr supplies inventory            $1,500

Step-by-step explanation:

Firstly,when the balance of the supplies on hand at March 1 2020 is added to supplies purchased,the total is $1700 ($500+$1200).

However,the usage of $1,500 worth of supplies for the month of March implies that the supplies has gone down by $1,500,in essence the main task is to effect the usage in the books of accounts.

The appropriate adjusting journal entry would be to credit supplies inventory account with $1,500 and debit supplies expense account with the same amount.

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  ∠KXN and ∠QXT

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The measure of each angle is the difference of the scale values that the rays intercept. (The same scale needs to be used for each ray.) Of course, complementary angles have a sum of 90°.

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  KN = 165 -95 = 70

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