Adjusting Entries Practice Problem Supplies Inventory Adjustment

 

Below are the unadjusted balances of the Accounts of Business Service Enterprises for the month ended, September 30, 2000.
	Account Titles	Debits	Credits
	Cash	$21,500
	Accounts Receivable	1,550
	Prepaid Building Rent	5,400
	Supplies Inventory	600
	Cleaning Equipment	64,400
	Accumulated Depreciation		$37,700
	Accounts Payable		4,300
	Notes Payable		6,300
	Interest Payable		-0-
	Unearned Service Revenue		3,670
	A.R. Kirk, Capital		29,730
	Cleaning Service Revenue		90,200
	Building Rent Expense	37,000
	Depreciation Expense	8,200
	Interest Expense	8,415
	Salary Expense	18,100
	Supplies Expense	6,735
	Total	$210,400	$210,400

Required:	Write the adjusting journal entry for the month ended September 30 based on the following information:
	Based on a physical inventory, cleaning supplies on hand at September 30 were valued at $2,735.
Reset Answer	Date	Account Titles	Debits	Credits
Check Answer	Sept. 30	Pick an account title Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense A.R. Kirk, Capital A.R. Kirk, Withdrawals Building Rent Expense Cash Cleaning Equipment Cleaning Service Revenue Depreciation Expense Interest Expense Interest Payable Notes Payable Prepaid Building Rent Supplies Expense Supplies Inventory Unearned Service Revenue
Show Answer		Pick an account title Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense A.R. Kirk, Capital A.R. Kirk, Withdrawals Building Rent Expense Cash Cleaning Equipment Cleaning Service Revenue Depreciation Expense Interest Expense Interest Payable Notes Payable Prepaid Building Rent Supplies Expense Supplies Inventory Unearned Service Revenue
Next Question		To adjust the cleaning supplies inventory account.