the office supplies account started the year with a 4000 debit balance. During the year, the company purchased supplies for 13,4

Question

3 years ago

7

00 which added to the office supplies account. the inventory of supplies available at the end of the year total2334. what is beginning balance

1 answer:

torisob [31] · Answer 1 · 2022-06-17T16:09:37+03:00

Answer:

Debit Office Supplies Expense: 15,066, Credit Office Supplies: 15,066

Step-by-step explanation:

Office Supplies Account started with a $4000 debit balance.

Apply the adjustment of the end of the year total. $4000-$2334 = $1666.

The company purchased supplies for $13,400

$13,400 + $1666 = $15,066