Supplies on hand were $777 of the original $1,034.The adjusting amount for supplies for the year would be:

Question

Quizplus · Accepted Answer

The adjusting amount for supplies would be the difference between the total supplies purchased and the supplies used during the year. Total supplies purchased would be the original amount of $1,034, and supplies used during the year would be the difference between the original supplies on hand ($777) and the supplies on hand at the end of the year. Since we do not have information about the supplies on hand at the end of the year, we cannot calculate the exact amount of supplies used during the year. However, we can calculate the difference between the total supplies purchased and the supplies on hand at the beginning of the year ($1,034 - $777 = $257), which represents the adjusting amount for supplies. Therefore, the correct answer is C) $257.

Supplies on Hand Were $777 of the Original $1,034