Ask Question
13 June, 03:53

The unadjusted trial balance for Supplies shows a normal balance of $634. If $432 of supplies were used during the period, the adjusted balance for Supplies would be a:

+1
Answers (1)
  1. 13 June, 07:16
    0
    The adjusted balance for Supplies would be a $202

    Explanation:

    The adjusted balance for supplies is shown below:

    = Normal balance - supplies used

    = $634 - $432

    = $202

    We deduct the supplies used the balance from the normal balance because the supplies are already used, and the used supplies are of no use that's why we deduct it from the supply balance.

    We pass the journal entry for better understanding

    Supplies expense A/c Dr $202

    To Supplies A/c $202

    (Being supplies account are adjusted)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The unadjusted trial balance for Supplies shows a normal balance of $634. If $432 of supplies were used during the period, the adjusted ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers