Homework Answers
D. debit to Supplies Expense for $ 1,000
Working:
| Beginning supplies in hand | $ 600 | |||||||||
| Add: supplies purchased during the period | 1300 | |||||||||
| Total supplies available for use | 1900 | |||||||||
| Less Supplies at the end of period | 900 | |||||||||
| Total supplies used for the period | 1000 | |||||||||
| Supplies are debited as expense when they are used.So, supplies of $ 1000 were debited as expense. | ||||||||||
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A company started the year with 5600 of supplies. During the year the company parchased an...
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