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Perfect Pistachio Company began 2018 with $600 in its supplies account. During the year, the company purchased $1,700 of supplies on account. The company paid
Perfect Pistachio Company began 2018 with $600 in its supplies account. During the year, the company purchased $1,700 of supplies on account. The company paid $1,500 on accounts payable by year end. On December 31, 2018, PPC counted $700 of supplies on hand. PPC's financial statements for 2018 would show: Perfect Pistachio Company began 2018 with $600 in its supplies account. During the year, the company purchased $1,700 of supplies on account. The company paid $1,500 on accounts payable by year end. On December 31, 2018, PPC counted $700 of supplies on hand. PPC's financial statements for 2018 would show: $800 of supplies; $1,700 of supplies expense $700 of supplies; $1,600 of supplies expense $700 of supplies; $1,000 of supplies expense $800 of supplies; $100 of supplies expense
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