ADJUSTMENT FOR SUPPLIES
Pain-Free Dental Group, Inc., purchased dental supplies of $15,500 during the year. At the end of the year, a physical count of supplies showed $2,300 of supplies on hand.
2. ADJUSTMENT FOR DEPRECIATION
LaGarde Company has a machine that it purchased for $125,000 on January 1. Annual depreciation on the machine is estimated to be $11,400.
ADJUSTMENT FOR SUPPLIES