Supplies Supplies Expense Bal. 1,560 Bal. 4,250
Determine the amount of supplies purchased during the year.
Answer:
$5,810 ($1,560 + $4,250).
Ex 3-4 Determining supplies purchased
The supplies and supplies expense accounts at December 31, after adjusting entries have been posted at the end of the first year of operations, are shown in the following T accounts:
Supplies Supplies Expense Bal. 1,560 Bal. 4,250
Determine the amount of supplies purchased during the year.
Answer:
$5,810 ($1,560 + $4,250).
Supplies Supplies Expense Bal. 1,560 Bal. 4,250
Determine the amount of supplies purchased during the year.
Answer:
$5,810 ($1,560 + $4,250).