The balance in our office supplies account on January 1 was $10,000. On January 31...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The balance in our office supplies account on January 1 was $10,000. On January 31 , our supplies on hand totaled $2,000. What account and amount would we credit when we record the adjusting entry for affice supplies on January 31 ? ofthce supplies expense, $2,000 otfice supplies, $2,000 otfice supplies, $8,000 office supplies expense, $8,000 Question 13 1pts Annual depreciation on equipment amounted to $27.950 for the current year. What account would we credit when we record this adjusting entry in the general journal? depreciation expense cesipment accumulated depreciation, equipment
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
