Question

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?

Answer 1

Answer:

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