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The balance in the supplies account before adjustment at the end of the year is...

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Accounting

imageThe balance in the supplies account before adjustment at the end of the year is $6,462. The proper adjusting entry if the amount of supplies on hand at the end of the year is $2,418 would be

The balance in the supplies account before adjustment at the end of the year is $6,462. The proper adjusting entry if the amount of supplies on hand at the end of the year is $2,418 would be Oa. debit Supplies, $2,418; credit Supplies Expense, $2,418 Ob. debit Supplies Expense, $4,044; credit Supplies, $4,044 Oc. debit Supplies, $4,044; credit Supplies Expense, $4,044 Od. debit Supplies Expense, $2,418; credit Supplies, $2,418

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