A company started the year with $400 of supplies. During the year the company purchased additional...
A company started the year with $400 of supplies. During the year the company purchased additional supplies costing $1,600. There were $800 of supplies on hand at the end of the year. An adjusted trial balance prepared at the end of the accounting period will show the following balance in Supplies Expense:
A) $600.
B) $800.
C) $1,200.
D) $1,600.
Homework Answers
Supplies expense:
= Beginning supplies+Supplies purchased-Ending supplies
= $400+$1,600-$800
= $1,200
Hence, correct option is C) $1,200
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A company started the year with $400 of supplies. During the year the company purchased additional...
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18-20 18. Bill's Consulting Company purchased supplies costing $10,000 and debited Supplies for the full amount....
18-20
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A company started the year with $200 of supplies. During the year the company purchased additional supplies costing 91.400. There were $1,000 of supplies on hand at the end of the year. An adjusted trial balance, prepared at the end of the accounting period, will show the following balance in Supplies Expense DA $800 OB. 51.000 C. $1.400 OD $600 Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total...
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18-20
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