Question
1. The Houston Company purchased $940 of supplies during the month, had supplies on hand of $200 at the beginning of the month and had
1. The Houston Company purchased $940 of supplies during the month, had supplies on hand of $200 at the beginning of the month and had $100 worth of supplies on hand at the end of the month. The income statement for that month would report supplies expense of? Enter as a positive number.
2.
Vegashill Company began the month with a balance of $3,100 in accounts payable. The following transactions occurred during the month:
1 Purchase of office supplies on account $3,800
2 Paid $2,900 of accounts payable from the previous month
3 Sold $4,700 of services on account
What is the balance in accounts payable at the end of the month?
Please help and show work. Thank you!
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