On 31/12/2017 ABC Company has

$18,000

worth of supplies on hand.\ On

(10)/(4)/2018

the company purchased supplies for

$10,000

that was recorded as supplies expense.\ Moreover, on

(16)/(8)/2018

additional supplies were purchased for

$5,000

that was recorded as supplies expense.\ At the end of the year, the amount of supplies on hand was

$7,000

.\ Based on the above-given information, answer the following questions:\ What is the amount of the supplies expense that must be presented on the company's income statement for the year 2018?\ The Answer is:\ The debit side of the adjusting entry must include with an amount of

1. On 31/12/2017 ABC Company has $18,000 worth of supplies on hand. 2. On 10/4/2018 the company purchased supplies for $10,000 that was recorded as supplies expense. 3. Moreover, on 16/8/2018 additional supplies were purchased for $5,000 that was recorded as supplies expense. 4. At the end of the year, the amount of supplies on hand was $7,000. Based on the above-given information, answer the following questions: 1. What is the amount of the supplies expense that must be presented on the company's income statement for the year 2018 ? - The Answer is: 2. The debit side of the adjusting entry must include with an amount of