1. Calculate the Supplies expense in each case and write the adjusting journal entry: a) For the month of March, if at the end of March, the Ledger account shows $1,235 worth of supplies, but a physical count shows only $655 left. b) For the month of July, if the ledger account shows $1,960 worth of supplies, but a count shows just $245.

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter7: Budgeting
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Problem 9PB: Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May,...
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1. Calculate the Supplies expense in each case and write the adjusting journal entry:
a) For the month of March, if at the end of March, the Ledger account shows $1,235 worth of supplies, but a physical count shows only $655 left.
b) For the month of July, if the ledger account shows $1,960 worth of supplies, but a count shows just $245.

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