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sergejj [24]
3 years ago
8

Anderson Corp. began the period with $200 of supplies. During the period, $500 of supplies were purchased. At the end of the per

iod, there were $300 of supplies on hand. What will be the amount of the adjusting entry to record the amount of supplies used
Business
1 answer:
IgorLugansk [536]3 years ago
7 0

Answer:Amount of supplies used =$400

Explanation:

Beginning balance of supplies   $200

Supplies purchased                     $500

Ending supplies balance on hand    $300

Amount of supplies used = Beginning balance of supplies + Supplies purchased  - Ending supplies balance on hand

= $200 +$500 - $300

= $400 is amount of the adjusting entry to record the amount of supplies used in Anderson Corp.

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