At the beginning of the month, Supplies were $500. During the month, the company purchased $400 of supplies. At month's

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At The Beginning Of The Month Supplies Were 500 During The Month The Company Purchased 400 Of Supplies At Month S 1 (18.55 KiB) Viewed 50 times

At the beginning of the month, Supplies were $500. During the month, the company purchased $400 of supplies. At month's end, September 30, 5600 of supplies were still on hand. a. What was the cost of supplies used during the month? Where is this item reported? b. Where is the ending balance of supplies reported? c. Make the adjusting entry to update the Supplies account at the end of the month GI a. What was the cost of supplies used during the month? Where is this item reported? What was the cost of supplies during the month? Incorrect: 0