The Bulmer Company entered into the following transactions during 2010: There were $700 of supplies purchased on account. Sales on account amounted to $9,500. Cash collections of receivables were $5,5

The Bulmer Company entered into the following transactions during 2010: There were $700 of supplies purchased on account. Sales on account amounted to $9,500. Cash collections of receivables were $5,500 Supplies on hand as of December 31, 2010 amounted to $225.

The adjusting entry necessary to record supplies expense would result in a?

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