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At the beginning of the month , Supplies were $ 700 . During the month , the company purchased $ 400 of supplies . At
At the beginning of the month , Supplies were $ 700 . During the month , the company purchased $ 400 of supplies . At month's end , November 30 , $ 300 of supplies were still on hand . a . What was the cost of supplies used during the month ? Where is this item reported ? b . Where is the ending balance of supplies reported ? c . Make the adjusting entry to update the Supplies account at the end of the month . a . What was the cost of supplies used during the month ? Where is this item reported ? What was the cost of supplies during the month ?
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