One of the adjustments for the worksheet says:
* Of the $25 369.20 shown on the trial balance under Materials Used, $2 850 is still on hand and unused.
Therefore I credited Materials Used by $2 850.. but which account do I debited because there is no Materials account.
To determine which account to debit in this scenario, we need to analyze the adjustment provided in more detail.
The adjustment states that out of the $25,369.20 shown on the trial balance under "Materials Used," $2,850 is still on hand and unused.
This means that the $2,850 worth of materials has not yet been consumed and remains as an asset. Since there is no specific "Materials" account to debit, we need to find an appropriate account to capture this adjustment.
Generally, a common account to use is the "Materials Inventory" or "Inventory" account. This account is typically used to track the value of materials or goods that a company holds in stock or has on hand.
Therefore, in this case, you would debit the "Materials Inventory" or "Inventory" account with the $2,850.
It's important to note that the specific names of accounts may vary depending on the company or accounting system being used. Make sure to consult your company's chart of accounts or accounting policies to determine the exact account to use.