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A company purchased supplies during the year totaling $10,000. At the end of the year, they made an adjusting entry to record $3,000 of supplies
A company purchased supplies during the year totaling $10,000. At the end of the year, they made an adjusting entry to record $3,000 of supplies that had been used during the year. The ending balance in the Supplies account after the adjustment was $12,000. The beginning balance in the Supplies account was:
Group of answer choices
$1,000.
$3000.
$5,000.
cannot be determined from the facts
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