Cumberland City Consultants started business on January 1, 2015, and immediately purchased $1,000 of supplies to use in the business.At the end of the month, 25 percent of the supplies remains unpaid and 20% are still on hand.What amounts should appear on the financial statements for January, 2015?

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The Answer of Cumberland City Consultants started business on January 1, 2015, and immediately purchased $1,000 of supplies to use in the business.At the end of the month, 25 percent of the supplies remains unpaid and 20% are still on hand.What amounts should appear on the financial statements for January, 2015?

Cumberland City Consultants Started Business on January 1, 2015, and Immediately