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26 August, 09:06

Missing amount from an account

On August 1, the supplies account balance was $1,025. During August, supplies of $3,110 were purchased, and $1,324 of supplies were on hand as of August 31. Determine supplies expense for August.

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Answers (1)
  1. 26 August, 11:46
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    supplies expense for August = $2811

    Explanation:

    given data

    August 1 supplies on hand = $1,025

    August purchased = $3,110

    August 31 supplies on hand = $1,324

    solution

    we get here supplies expense for August that is express as

    supplies expense for August = August 1 supplies on hand + August purchased - August 31 supplies on hand ... 1

    put here value

    supplies expense for August = $1,025 + $3,110 - $1,324

    supplies expense for August = $2811
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