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On 1 September 2 0 2 2 , Cranberry Ltd paid $ 4 , 4 0 0 ( including GST ) for office supplies, immediately
On September Cranberry Ltd paid $including GST for office supplies, immediately recording thus item as an expense. At period end, a quarter of these supplies was stili on hand. The accounting period ends on December
At the end of the financial statements should report: On the Statement of Financial Position: On the Statement of Profit or Loss:
A Stock of Office Supplies, $: Office Supplies Expense, $
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B Stock of Office Supplies, $: Office Supplies Expense, $
C Stock of Office Supplies, $: Office Supplies Expense, $
D Stock of Office Supplies, $: Office Supplies Expense, $
E Stock of Office Supplies, $: Office Supplies Expense, $
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