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QUESTION 32 The Alpha Company started the accounting period with $400 in supplies. During the period the company purchased $1,000 of supplies on account. At
QUESTION 32 The Alpha Company started the accounting period with $400 in supplies. During the period the company purchased $1,000 of supplies on account. At the end of the accounting period, there were $600 in supplies on hand. Based on this information, the amount of supplies expense appearing on the end of period income statement would be: a $1,600 b. $600 c. $800 d. $1,000 QUESTION 33 Which of the following statements would Accrued Salaries Payable appear on? a. Statement of Cash Flows b. Statement of Changes in Stockholder's Equity C. Balance Sheet d. Income Statement
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