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2 December, 10:19

AllTech Corporation had a balance of $ 1 comma 800 in Prepaid Supplies at the beginning of the year. The company purchased $ 1 comma 150 of supplies during the year. At year end, Prepaid Supplies had a balance of $ 1 comma 900. What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

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  1. 2 December, 12:04
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    What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

    $1050

    Explanation:

    Beggining of the year 1800

    Purchased 1150

    End of the year 1900

    Expenses 1050

    end = beg+purtcahse-expense

    expense=beg+purchases-end

    expense=1050
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