On December 31, there is $1,188 of supplies on hand. Record the adjustment for supplies in the tabular summary and indicate the
adjusted balance in each account.
-Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.
-Increases in expenses require a negative sign or parentheses.
-Increases in Accumulated Depreciation require a negative sign or parentheses.
Assets
Supplies
Bal. 9,504
Dec. 31
Adj. Bal. 1188
=
Liabilities
Com.
Stock
+
Rev.
Stod
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