Question
2. Grannys Doilies always purchases supplies on account and doesnt purchase anything else on account. January 1 balance for supplies was $1,400. The December 31
2. Grannys Doilies always purchases supplies on account and doesnt purchase anything else on account. January 1 balance for supplies was $1,400. The December 31 balance is $1,600. If A/P decreased $400 during the year, and the company used $12,000 of supplies during the year, how much supplies did Granny purchase during the year?
a. $200 b. $11,800 c. $12,000 d. $12,200 e. $12,600
3. Grannys Doilies always purchases supplies on account and doesnt purchase anything else on account. January 1 balance for supplies was $1,400. The December 31 balance is $1,600. If A/P decreased $400 during the year, and the company used $12,000 of supplies during the year, how much in cash did Granny pay for supplies during the year?
a. $200 b. $11,800 c. $12,000 d. $12,200 e. $12,600
(Please answer both questions thank you)
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