The table below represents Able Company's supplies account

Accounting Jan 26, 2021

The table below represents Able Company's supplies account. Please supply the missing amount
Beginning supplies 5,00C Supplies purchased 6,00C Supplies expense 8,00C Ending supplies
A) $9,000 B) $1,000 C) $3,000 D) $11,000

Expert Solution

C )

Computation of Ending Supplies:

Ending Supplies = Supplies Purchased + Beginning Supplies - Supplies Expenses

= $6,000+$5,000-$8,000

Ending Supplies = $3,000

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