At March 1, 2022, Candy Inc.had supplies on hand of $2,000.During the month, Candy purchased supplies of $2,900 and used supplies of $2,800.The March 31 balance sheet should report what balance in the supplies account?
A)$2,000
B)$2,100
C)$2,800
D)$2,900

Question

Quizplus · Accepted Answer

The supplies on hand at the beginning of March were $2,000. Candy Inc. purchased an additional $2,900 worth of supplies during the month, making the total available supplies $4,900. After using $2,800 worth of supplies, the remaining balance in the supplies account is $2,100.