The table below represents Able Company's supplies account.Please supply the missing amount. $\begin{array}{|l|r|}
\hline\text { Beginning supplies } & ? \
\hline \text { Supplies purchased } & 7,000 \
\hline \text { Supplies expense } & 9,000 \
\hline \text { Ending supplies } & 4,000 \
\hline
\end{array}$

Question

Quizplus · Accepted Answer

To find the beginning supplies, we can use the formula: Beginning Supplies + Supplies Purchased - Supplies Expense = Ending Supplies. Plugging in the given numbers: Beginning Supplies + 7,000 - 9,000 = 4,000. Solving for Beginning Supplies gives us $6,000.

The Table Below Represents Able Company's Supplies Account A) $2,000 B) $15,000 C) $11,000 D) $6,000

The Table Below Represents Able Company's Supplies Account A) $2,000
B) $15,000
C) $11,000
D) $6,000