Bravo Unlimited Unadjusted Trial Balance (partial)

2/29/16

Accounts

Debit

Credit

Cash

$15,500

Supplies

14,000

Accounts Payable

$10,500

Supplies Expense

5,000 

The Supplies account balance on February 1, 2016 was $2,000. During the month of February Bravo purchased $12,000 of supplies for use in its operations. On February 29, Bravo warehouse chief inventoried supplies and determine the value on hand was $1,500. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment. If no entry is required then write “No Entry Required.”

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