Question

ortunity to Excel (UTE) Une it: 1:15:00 Time Left:0:35:25 Ryan Shackleford: Attempt 1 : 2 3 Question 33 (2 points) Daring December, Horn Inc. purchased $800 of supplies on account for use in its business. At the end of December 20% of the supplies were still on hand, but only 75% had been paid. What amounts will appear on the company's balance sheet on December 319 5 6 Supplies on Hand Accounts Payable 8 9 1 O 5500 5600 10 12 5160 $200 13 15 C 5640 100 16 17 18 19 20 21 5160 23 24 Question 34 (2 points) The cds of deg bsn though the wake of goods and called to search o BI BE E ان کی $ 96 3 5 & 7 00 o E R T T YU Р

Answer 1

Solution:
	Purchase of Supplied	$                            800
	Supplied in Hand	20%
	Supplied in hand in $ = $ 800 X 20% =	$                            160
	Amount paid against purchase of supplies =	75%
	Amount payable against supplied = (100% - 75%)	25%
	Amount payable against supplies in $ ( $ 800 X 25%)	$                            200
	It means supplies in hand is $ 160 and account payable is $ 200
Answer =	Option 2 = $ 160         and $ 200