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anygoal [31]
3 years ago
10

On January 1, 2019, the general ledger of Global Corporation included supplies of $1,300. During 2019, supplies purchased amount

ed to $5,600. A physical count of inventory on hand at December 31, 2019 determined that the amount of supplies on hand was $1,500. How much is the supplies expense for year 2019?
Business
1 answer:
Stolb23 [73]3 years ago
3 0

Answer:

the  supplies expense for the year 2019 is $5,400

Explanation:

The computation of the supplies expense for the year 2019 is as follows:

Supplies Expense = Opening balance of Office supplies + Purchase of supplies during the year - ending balance of Office supplies

= $1,300 + $5,600 - $1,500

= $5,400

Hence, the  supplies expense for the year 2019 is $5,400

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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The GDP deflator is a measure of the A. average level of prices of intermediate goods and services in the economy. B. total prod
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D. average level of prices of final goods and services in the economy.

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Please help best gets brainiest
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To help maintain a balanced personal budget sounds like the answer. Hope it helps! :-)
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Which economic activity is part of a government's fiscal policy?
blagie [28]

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D. Spending tax revenues

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The accounts receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account durin
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Hope it helps!
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