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April 18, 2014

Homework Help: Accountng

Posted by Maria on Friday, March 5, 2010 at 11:37pm.

On january 1st, NetSolutions had a debit balance of $1,250.00 in the Office Supplies account. During the month, Netsolutions purchased $245.00 and $610.00 of office supplies and journalized them to the office supplies asse account upon purchasing. On January 31st an inspection of the office supplies cabinet shows that only $810.00 of office supplies remains in the locker. Write the january 31st entry for office supplies in the space beloe.
I am lost because of the additional expense, and if you have $1250.00 at the beginning and $810 at the end with purchasing additional supplies, this does not add up to me, can someone help me, please!!!

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