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Homework answers / question archive / Determine the missing amounts in each of these four separate situations a through d ?Supplies available—prior year-end $ 275 $ 1,458 $ 1,239Supplies purchased during the current year1,9254,9575,557Total supplies available2,2006,415Supplies available—current year-end(725)(1,719)(800)Supplies expense for current year1,1588,5696,132 View CommentFlag Question
Determine the missing amounts in each of these four separate situations a through d
?Supplies available—prior year-end
$
275
$
1,458
$
1,239Supplies purchased during the current year1,9254,9575,557Total supplies available2,2006,415Supplies available—current year-end(725)(1,719)(800)Supplies expense for current year1,1588,5696,132
View CommentFlag Question
| a. |
| Supplies Expense for the CY=Total Supplies Available- Supplies available CY End |
| =2200-725= $1475 |
| b. |
| Supplies available CY End=Total Supplies Available-Supplies Expense for the CY |
| =6415-1158=$5257 |
| c. |
| Total Supplies Available=Supplies available CY End + Supplies Expense for the CY |
| =1719+8569=$10288 |
| Supplies Purchased during the year = Total Supplies Available - Supplies Available ( Prior Year) |
| =10288-1239=$9049 |
| d.. |
| Total Supplies Available=Supplies available CY End + Supplies Expense for the CY |
| =800+6132=$6932 |
| Supplies Available( Prior Year)= Total Supplies Available-Supplies Purchased during the year |
| =6932-5557=$1375 |
|
Particulars |
a |
b |
c |
d |
| Supplies available - Prior year end | $275.00 | $1,458.00 | $1,239.00 | $1,375.00 |
| Add: Supplies purchased during the current year | $1,925.00 | $4,957.00 | $9,049.00 | $5,557.00 |
| Total supplies available | $2,200.00 | $6,415.00 | $10,288.00 | $6,932.00 |
| Less: Supplies available - Current year end | $725.00 | $5,257.00 | $1,719.00 | $800.00 |
| Supplies Expense for the current year | $1,475.00 | $1,158.00 | $8,569.00 | $6,132.00 |
