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26 June, 19:22

Bravo company had $5,100 of supplies on hand at the beginning of 2016. on march 31 bravo purchased an additional $12,400 of supplies. on december 31, a physical count of revealed a total of $6,100 of supplies on hand. what dollar value of supplies expense will be reported in the annual financial statements? acct 220

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  1. 26 June, 19:36
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    Supplies expense is $11,400.00.

    Expenses = Beg Inv + Addl Inv - Remaining

    = 5,100 + 12,400 - 6,100

    = 11,400
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