The balance in the Office Supplies account on May 1 was $1,500,supplies purchased during May totaled $6,000,and the amount of supplies on hand at May 31 was $3,600.
a)What amount of Supplies Expense will be shown on the income statement for May?
b)What amount of supplies will be shown on the balance sheet at the end of May?

Question

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The Answer of The balance in the Office Supplies account on May 1 was $1,500,supplies purchased during May totaled $6,000,and the amount of supplies on hand at May 31 was $3,600.
a)What amount of Supplies Expense will be shown on the income statement for May?
b)What amount of supplies will be shown on the balance sheet at the end of May?

The Balance in the Office Supplies Account on May 1