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InstaChat Company provides legal services and sells refurbished computers. On January 1, 20X1, its supplies account had a balance of $10,000. It purchased $12,000 worth
InstaChat Company provides legal services and sells refurbished computers. On January 1, 20X1, its supplies account had a balance of $10,000. It purchased $12,000 worth of supplies during the year. On December 31, 20X1, the end of the accounting period, a count revealed that there were $4,000 of supplies still on hand Calculate the amount of supplies used during the period. Do not include commas, dollar signs or text
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