Question

The balance in the office supplies account on January 1 was $7,900, supplies purchased during January were $3,000, and the supplies on hand at January 31 were $2,500. The amount to be used for the appropriate adjusting entry is

Answer 1

Answer:

8400

Explanation:

The office supplies on Jan 1 was $7900

Supplies purchased during January was $3000

The supplies at hand in January Is $2500

$7900+$3000

= $10,900

= 10,900-2500

= 8,400

Hence the appropriate adjusting entry is $8400