Tamarack Marina & Storage Inc., 31 December. Supplies shows a balance of 6,800; a count finds 2,100 on hand. Record the adjustment.

Answer

Dr Supplies Expense 4700; Cr Supplies 4700

Accounts - Supplies Expense - Supplies - Accounts Payable - Cash Used = 6,800 − 2,100 = 4,700: **Supplies Expense** (debit), **Supplies** (credit). The trap is 2,100 — that is what remains, not what was used.

Hermanson Vol 1 ch 3–4 (the whole-cycle demonstration); Dauderis & Annand §3.3–3.4, §11.4; Lyryx Intermediate FA Vol 1 §3.4 (concept map O1)