Which of the following is the correct order for preparing accounting statements? a. Trial balance, financial statements, adjusted trial balance b. Trial balance, adjusted trial balance, financial statements c. Financial statements, trial balance, adjusted trial balance d. Financial statements, adjusted trial balance, trial balance

2. A companys accounting records reveal that Supplies had an unadjusted beginning balance of $1,000. During the accounting period the company purchased $500 of supplies, and a physical count at the end of the accounting period confirmed that $1,400 of supplies was used. What will be the balance of the supplies account on the adjusted trial balance?

$1,500

$100

$1,400

$500