On january 1 2010 you had in supplies inventory 1200 on, Ask an Expert

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On January 1, 2010 you had in supplies inventory $1200. On February 1 you purchased supplies costing $1800 and you debited supplies expense. On April 1, you purchased supplies costing $500 and debited supplies. On November 1, you purchased $900 of supplies and debited supplies expense. At the end of the year you had $300 of supplies on hand. You did not make an adjusting entry. The books are closed. What is the entry to be prepared at the beginning of 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9985105

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