Blossom Companys general ledger showed $805 in the Supplies account on January 1, 2021. On...
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Accounting
Blossom Companys general ledger showed $805 in the Supplies account on January 1, 2021. On May 31, 2021, the company paid $3,160 for additional supplies. A count on December 31, 2021, showed $955 of supplies on hand.
Prepare the adjusting entry required at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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