At the beginning of december, global corporation had $2,100 in supplies on hand. during the month, supplies purchased amounted to $3,500, but by the end of the month the supplies balance was only $2,800. what is the appropriate month-end adjusting entry?

Debit Supplies expense (p/l)  $2,800

Credit Supplies Inventory       $2,800

Explanation:

Supplies at hand = $2,100

Purchases = $3,500

Closing balance = $2,800

Amount used up = $2,100 + $3,500 - $2,800

                            = $2,800

Appropriate month-end adjusting entry is

Debit Supplies expense (p/l)  $2,800

Credit Supplies Inventory       $2,800

Being entries to write off supplies used during the month.

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