Charlie Company had $1,800 of supplies on hand at January 1.During the year, supplies with a cost of $4,000 were purchased.At December 31, the actual supplies on hand amount to $1,300.After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. $\begin{array}{lc}
\underline{\text { Supplies }}& \underline{\text { Supplies Expense}} \
\text { a. } \$ 1,800 & \$ 4,000 \
\text { b. } \$ 1,300 & \$ 4,500 \
\text { c. } \$ 5,300 & \$ 5,800 \
\text { d. } \$ 1,300 & \$ 5,800
\end{array}$

Question

Charlie Company had $1,800 of supplies on hand at January 1.During the year, supplies with a cost of $4,000 were purchased.At December 31, the actual supplies on hand amount to $1,300.After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. ​ $\begin{array}{lc}
\underline{\text { Supplies }}& \underline{\text { Supplies Expense}} \
\text { a. } \$ 1,800 & \$ 4,000 \
\text { b. } \$ 1,300 & \$ 4,500 \
\text { c. } \$ 5,300 & \$ 5,800 \
\text { d. } \$ 1,300 & \$ 5,800
\end{array}$

Quizplus · Accepted Answer

The Answer of Charlie Company had $1,800 of supplies on hand at January 1.During the year, supplies with a cost of $4,000 were purchased.At December 31, the actual supplies on hand amount to $1,300.After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. ​ $\begin{array}{lc}
\underline{\text { Supplies }}& \underline{\text { Supplies Expense}} \
\text { a. } \$ 1,800 & \$ 4,000 \
\text { b. } \$ 1,300 & \$ 4,500 \
\text { c. } \$ 5,300 & \$ 5,800 \
\text { d. } \$ 1,300 & \$ 5,800
\end{array}$

Charlie Company Had $1,800 of Supplies on Hand at January