EX 3-3 Adjusting entry for supplies

The balance in the supplies account, before adjustment at the end of the year, is $3,915.
Journalize the adjusting entry required if the amount of supplies on hand at the end of the
year is $1,750.

Answer:
Supplies Expense.......................................................... 2,165
                 Supplies.................................................................... 2,165
                           Supplies used ($3,915 – $1,750).