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What the proper adjusting journal entry at january

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Problem 1: On January 7, Bravo purchased supplies on account for $1,000, and recorded this purchase to the Supplies account. At the end of January, Bravo had $600 of these supplies still on hand. The proper adjusting journal entry at January 31 would:

a. include a debit to Accounts Payable for $400

b. include a credit to Supplies for $400

c. include a debit to Supplies Expense for $600

d. include a debit to Supplies for $1,000

Reference no: EM132629268

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