Ask Question
25 April, 03:58

St. Nick Corporation's Toy-Making Supplies account showed a beginning balance of $200 and supplies purchased of $800. There were $400 of supplies on hand at year-end. The year-end adjustment would include an increase in Toy-Making Supplies Expense for1. $1,000.2. $800.3. $600.4. $400.

+5
Answers (1)
  1. 25 April, 06:09
    0
    3. $600

    Explanation:

    The computation of the amount is shown below:

    = Beginning balance of supplies + purchase made - supplies on hand

    = $200 + $800 - $400

    = $600

    The year end increase in toy making supplies expense is $600

    The journal entry would be

    Supplies expense A/c Dr $600

    To supplies A/c $600

    (Being supplies account is adjusted)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “St. Nick Corporation's Toy-Making Supplies account showed a beginning balance of $200 and supplies purchased of $800. There were $400 of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers