What is the amount to be used for the appropriate adjusting entry ? The balance in the office supplies account onJune 1 was $5,200, supplies purchased duringJune were $2,500, and the supplies on hand atJune 30 were $1,500. What is the amount to beused for the appropriate adjusting entry?a. $6,700. b. $2,500. c. $9,200. d. $6,200.

Provided Data:Office supplies balance on June 1 = $5,200Supplies purchased during June =…

Answered: The balance in the office supplies…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11EB: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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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. What is the amount to be used for the appropriate adjusting entry? a. $6,700. b. $2,500. c. $9,200. d. $6,200.