AllTech Corporation had a balance of $ 2,400 in Prepaid Supplies at the beginning of the year. The company purchased $ 1,200 of supplies during the year. At year end, Prepaid Supplies had a balance of $ 2,500. What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

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15 January, 08:05

AllTech Corporation had a balance of $ 2,400 in Prepaid Supplies at the beginning of the year. The company purchased $ 1,200 of supplies during the year. At year end, Prepaid Supplies had a balance of $ 2,500. What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

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Lam · Answer 1

What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

$2500

Explanation:

Beginning 2400

Purchased 1200

Total 3600

expense 1100

ending 2500