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153 \quad \quad 300 \quad Supplies \quad \quad 300
B Supplies Expense \quad

Question 158

Short Answer

153. Sebadoah is a barber who does his own accounting for his shop. When he buys supplies he routinely debits Supplies Expense. Sebadoah purchased $1,500 of supplies in January and his inventory at the end of January shows $300 of supplies remaining. What adjusting entry should Sebadoah make on January 31? a. Supplies Expense \quad\quad 300
\quad Supplies \quad\quad 300
b. Supplies Expense \quad\quad 1,500
\quad Cash \quad\quad 1,500
c. Supplies.. \quad\quad 300
\quad Supplies Expense \quad\quad 300
d. Supplies Expense. \quad\quad 1,200
\quad Supplies \quad\quad 1,200

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