The adjusting entry to recognize supplies expense the Supplies account balance and the balance in the Supplies exp

Question

madreJ [45]

2 years ago

13

The adjusting entry to recognize supplies expense the Supplies account balance and the balance in the Supplies exp

ense account.

Business

1 answer:

AlexFokin [52] · Answer 1 · 2023-06-03T06:20:27+03:00

It should be noted The adjusting entry to recognize supplies expense decreases the Supplies account balance and increases the balance in the Supplies expense account.

<h3>What are Adjusting entries ?</h3>

Adjusting entries can be regarded as the changes to journal entries that has been already recorded.

However, adjusting entry to recognize supplies expense decreases the Supplies account balance as a result of the already recorded transaction.

Learn more about Adjusting entries at;

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The adjusting entry to recognize supplies expense ______ the Supplies account balance and ______ the balance in the Supplies exp

The adjusting entry to recognize supplies expense the Supplies account balance and the balance in the Supplies exp