Jesper Co begins its next year of operations with a Beginning Supplies balance of 1,400. The...

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Jesper Co begins its next year of operations with a Beginning Supplies balance of 1,400. The...

Jesper Co begins its next year of operations with a Beginning Supplies balance of 1,400. The end of period count of inventory revealed an Ending Supply balance of 4,500. If Supplies Expense for the same period was 36,700, Purchases must have been what?

A. 39800

B. 33600

C. 35300

D. 36700

business accounting

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Answer 1

Answer #1

Purchases of supplies = Supplies expense + Ending balance of supplies - Beginning balance of supplies

= 36700 + 4500 - 1400

= 39800

Correct choice A

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Answer 2

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