On June 1 During Its First Month of Operations Crooked

question 59

Essay

On June 1 during its first month of operations Crooked Rain purchased supplies for $4500 and debited the supplies account for that amount. At June 30 an inventory of supplies showed $1000 of supplies on hand. What adjusting journal entry should be made for June?

---

Definitions:

Directive

An instruction or order given by someone in authority, guiding actions or strategies in various contexts.

Supervisor

A role within organizations responsible for overseeing the performance and activities of employees, usually within a specific department or area.

Clarity And Control

Refers to the clear understanding and management of tasks, roles, and expectations within an organization or project to ensure efficiency and achievement of objectives.

Directive Style

A leadership approach characterized by giving clear, explicit instructions and closely supervising tasks, with a focus on task achievement and compliance.