Asked by chantel
The Supplies account had a balance of $4,800 at the beginning of the month and $6,400 at the end of the month. The cost of supplies purchased during the month was $15,600. Calculate the cost of supplies used during the month. The cost of supplies is 14,000.
It says to use t-accounts
Solve for the missing amounts using a T-account for the balance sheet accounts in each situation. Assume that there is only one debit entry and one credit entry in the account during the month.
It says to use t-accounts
Solve for the missing amounts using a T-account for the balance sheet accounts in each situation. Assume that there is only one debit entry and one credit entry in the account during the month.