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If the supplies account before adjustment on August 31st indicated a balance of 2250.00 and an inventory of supplies on hand at August 31st totaled 950.00 what would the adjusting entry be?
To adjust the supplies account, you need to recognize the amount of supplies used. The supplies used can be calculated by subtracting the ending inventory from the supplies account balance: $2,250.00 - $950.00 = $1,300.00. The adjusting entry would be a debit to the Supplies Expense account for $1,300.00 and a credit to the Supplies account for $1,300.00.
Purchased 6500 worth of laundry supplies and recorded the purchase as an asset On June 30 an inventory of the laundry supplies indicated only 1000 on hand what is the adjusting entry?
To adjust for the inventory of laundry supplies, you need to recognize the expense for the supplies used. The adjusting entry would be a debit to Laundry Supplies Expense for $5,500 (the difference between the initial purchase of $6,500 and the remaining inventory of $1,000) and a credit to Laundry Supplies for the same amount. This reflects the consumption of supplies during the period.
How to adjust tapping valves?
You can adjust tapping valves by adjusting the lifters.
What is the Verb form of adjust?
Adjust is a verb Other forms of adjust are: adjusts adjusted adjusting
How do you adjust the tensioner on a 1994 Dodge Caravan?
They are not adjustable. They are self adjusting, if it is not adjusting properly it probably needs to be replaced.
How do i adjust the emergency brake on a Pontiac G6?
they are self adjusting
Can you adjust the bands in 95 Buick lesaber?
No. They are self adjusting.
What is the the noun form for adjust?
The noun forms of the verb to adjust are adjustor (or adjuster), adjustment, and the gerund, adjusting.
The entry to adjust for the cost of supplies used during the accounting period is?
debit Supplies Expense; credit Supplies
What is the noun form of adjust?
The abstract noun forms of the verb to adjust are adjustment and the gerund, adjusting.
How do you adjust the tension pulley on a 2002 Oldsmobile alero?
it is self adjusting .
How do you adjust 1999 Toyota tocoma clutch?
you dont. its hydraulic, and its adjusting.
