On January 1^st, Williams Company began the year with $200 worth of supplies, and during the year, purchased $800 worth of supplies on account. On December 31^st, the fiscal year end, it is determined that $500 dollars of supplies have been used up.
What is the balance in the supplies account after adjustment?

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The Answer of On January 1^st, Williams Company began the year with $200 worth of supplies, and during the year, purchased $800 worth of supplies on account. On December 31^st, the fiscal year end, it is determined that $500 dollars of supplies have been used up. What is the balance in the supplies account after adjustment?

On January 1st, Williams Company Began the Year with $200

On January 1^st, Williams Company Began the Year with $200