The balance in the office supplies account on June 1 was $5,200, supplies purchased during June were $2,500, and the supplies on hand at June 30 were $1,500. The amount to be used for the appropriate adjusting entry is: a. $6,700. b. $2,500. c. $9,200. d. $6,200.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
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The balance in the office supplies account
on June 1 was $5,200, supplies purchased
during June were $2,500, and the supplies
on hand at June 30 were $1,500. The
amount to be used for the appropriate
adjusting entry is:
a. $6,700.
b. $2,500.
c. $9,200.
d. $6,200.
Transcribed Image Text:The balance in the office supplies account on June 1 was $5,200, supplies purchased during June were $2,500, and the supplies on hand at June 30 were $1,500. The amount to be used for the appropriate adjusting entry is: a. $6,700. b. $2,500. c. $9,200. d. $6,200.
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