On January 1,2012,the balance in the Supplies account was $6,000.During the year,$13,500 of supplies were purchased for cash.After the year-end adjustments were prepared,the balance in the supplies account was $8,300 on December 31,2012.
Required:
a)What amount of Supplies Expense will be reported on the 2012 income statement?
b)What amount,if any will be reported on the 2012 statement of cash flows for supplies,and in what section?

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The Answer of On January 1,2012,the balance in the Supplies account was $6,000.During the year,$13,500 of supplies were purchased for cash.After the year-end adjustments were prepared,the balance in the supplies account was $8,300 on December 31,2012.
Required:
a)What amount of Supplies Expense will be reported on the 2012 income statement?
b)What amount,if any will be reported on the 2012 statement of cash flows for supplies,and in what section?

On January 1,2012,the Balance in the Supplies Account Was $6,000