Solved: Stagg advertising companys trial balance at december 31, Accounting Basics

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Stagg advertising companys trial balance at december 31

1. Stagg Advertising Company's trial balance at December 31 shows Supplies $8,800 and Supplies Expense $0. On December 31 there are $1,100 of supplies on hand. Prepare the adjusting entry at December 31 and, using T accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.

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Accounting Basics: Stagg advertising companys trial balance at december 31

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