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Question:On September 3, 20X3, Haynes purchased $1,000 of supplies, and debited the
Question:
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On September 3, 20X3, Haynes purchased $1,000 of supplies, and debited the
Supplies account. At the end of September, $600 of these supplies remained on hand. The adjusting entry at the end of September would include:
none of these answers are correct
a debit to Supplies Expense and a Credit to Supplies for $400.
a debit to Supplies and a Credit to Supplies Expense for $600.
a debit to Supplies Expense and a Credit to Supplies for $600.
a debit to Supplies and a Credit to Supplies Expense for $400.
