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At the beginning of its first year of operations, Bumper Corp. purchased $4,000 of supplies, which were debited to the Supplies account. They did not purchase any other supplies during the year. At the end of the year, it has $800 of supplies left. The appropriate adjusting journal entry is:_________.
a. Debit Supplies Esxpense s$3,200 and credt Supplies $3.200.
b. Debit Supplies $3,200 and credit Supplies Expense $3200.
c. Debit Supplies $800 and credit Supplies Expense $800.
d. Debit Supplies Expense $800 and credit Supplies $800.

Respuesta :

  • The adjusting entry for recording the supplies expense is shown below:

Supplies expense Dr ($4,000 - $800) $3,200

       To Supplies $3,200

(Being supplies expense is recorded)

Here supplies expense should be debited as it increased the expenses and credited the supplies as it decreased the assets.

Therefore we can conclude that option a is correct.

Learn more about the supplies here: brainly.com/question/13296654

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