Inventory count of supplies in the storeroom

Reference no: EM13157284

Bridge Company keeps a small inventory of supplies used for cleaning and maintenance purposes. On January 1, 2009, the inventory of supplies on hand was $2,000. During the year, supplies purchased were debited to the supplies inventory account in the amount of $6,500. On December 31, 2009, the inventory count of supplies in the storeroom was $1,750. Give the adjusting entry required at December 31, 2009.

Reference no: EM13157284

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