Question

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.

Answer 1

Answer:

2811.00

Step-by-step explanation:

BB + Purchase - Used Up = EB 1,025 +3110 - X = 1324X = 2811

Answer 2

we are given

Account balance on 1 st August was $1,025

so,

$BB=1025$

During August, supplies of $3,110 were purchased

so,

purchase =3110

$1,324 of supplies were on hand as of August 31

so, EB=1324

Let's assume supplies expense for August  as X

so, we can use formula

$BB+purchase-X=EB$

now, we can plug values

we get

$1025+3110-X=1324$

now, we can solve for X

we get

$X=2811$

so,

The supplies expense for August is $2811.........Answer