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.

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter7: Budgeting
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Problem 12EB: Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the...
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General Accounting

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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