Determine the Account and Amount to Be Debited and the Account

question 83

Essay

Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. The Supplies account has a balance of $1,400. On December 31, 2010, an inventory of supplies showed that items costing $500 were on hand.

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Definitions:

CBT

Cognitive Behavioral Therapy (CBT) is a form of psychotherapy that focuses on identifying and restructuring negative thought patterns that influence behavior and emotions.

Clearness

A state of being free from confusion or ambiguity, often sought in decisions or understanding one’s emotions and thoughts.

Ancillary Treatments

Additional treatments or therapies used in conjunction with the primary method to support or enhance therapeutic outcomes.

DBT

Dialectical Behavior Therapy, a type of cognitive-behavioral therapy aimed at teaching skills to manage emotional distress and improve relationships.