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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 1 September 2022, Cranberry Ltd paid $4,400(including GST) for office supplies, immediately recording thus item as an expense. At period end, a quarter (1/4) of these supplies was stili on hand. The accounting period ends on 31 December 2022.
At the end of 2022, the financial statements should report: On the Statement of Financial Position: On the Statement of Profit or Loss:
A. Stock of Office Supplies, $1,000: Office Supplies Expense, $3,000.
4400(4000 Pil 40064)
B. Stock of Office Supplies, $1,100: Office Supplies Expense, $3,300.
C. Stock of Office Supplies, $0: Office Supplies Expense, $4,400.
105
D. Stock of Office Supplies, $0: Office Supplies Expense, $4,000.
E. Stock of Office Supplies, $3,000: Office Supplies Expense, $3,000.

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