Windsor Advertising Company\'s trial balance at December 31 shows Advertising Su

Question

Windsor Advertising Company's trial balance at December 31 shows Advertising Supplies $6,700 and Advertising Supplies Expense $0. On December 31, there are $2,700 of supplies on hand. Prepare the adjusting entry at December 31. Date Account/Description Debit Credit Dec. 31 adver Using T accounts, enter the balances in the ac ? entry?as nectehsesardyju, sting and indicate the adjusted balance in each account. (If there is no transaction, enter 0 for the amount.) Advertising Supplies 12/31 12/31 12/31 Bal. 12/31 Bal. Advertising Supplies Expense 12/31 12/31

Explanation / Answer

Adjustment required = 6700 - 2700 = $4000 Dr Advertising supplies expenses $4000 Cr Advertising Supplies $4000 Hope this helps!

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