Question

plies paying cash in the $4,000.00 in supplies beginning supp 5. In 2017, JHJ Publishing Company purchased supplies amount of $6,000.00 and purchased an additional $4.00 account Required: Record the entries to record the purchase of sı the adjusting at December 31if supplies on hand totaled $2 hase of supplies. Also te Also ten on hand totaled $3,000.00 Iso record the adjustin totaled $10,000.00. 6. Required: Record the entries to purchase supplies. Also rer entry required at year-end in 2018 if supplies on hand totaled $100 try should reflect the fact that beginning supplies for 2010 were $5,000.00. (See exercise 4)

Answer 1

5.

A	Supplies	6,000
	Cash		6,000
B	Supplies	4,000
	Accounts Payable		4,000
C	Supplies Expense	7,000
	Supplies		7,000
	(10,000 - 3,000)

You can combine A and B to make a single entry as well