The balance in the supplies account, before adjustment at the end of the year, is $2,389

The balance in the supplies account, before adjustment at the end of the year, is $2,389. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $830.

Answer:

Supplies Expense 1,559  Supplies  1,559 Supplies used ($2,389 – $830).