Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Need help please. I’m kind a confuse on how to complete the adjusted trial balance. Thank you

Need help please. I’m kind a confuse on how to complete the adjusted trial balance. Thank you

The following is a partial unadjusted Trial Balance.

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.”

 

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"