During 2011, Office Supplies Amounting To P 8,000 Were Purchased For Cash And Debited To Office Supplies. At The End Of 2010, The Inventory Count Of S
During 2011, office supplies amounting to P 8,000 were purchased for cash and debited to Office Supplies. At the end of 2010, the inventory count of supplies on hand was P 2,000. Inventory of supplies as at Dec. 31,2011 showed P 3,000. What is the entry of this..
Heres my solution
8.000
x2.000
3.000
------------
13.000
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