Question 18) January 01 supplies was $ 50000 supplies balance on December 31 is $ 25000 Purchases made in the current year is $ 20000 Supplies expense ?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
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Question 18) January 01 supplies was $ 50000
supplies balance on December 31 is $ 25000
Purchases made in the current year is $ 20000
Supplies expense ?
Transcribed Image Text:Question 18) January 01 supplies was $ 50000 supplies balance on December 31 is $ 25000 Purchases made in the current year is $ 20000 Supplies expense ?
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