A Company Started the Year with $400 of Supplies

question 22

Multiple Choice

A company started the year with $400 of supplies. During the year the company purchased additional supplies costing $1,600. There were $800 of supplies on hand at the end of the year. An adjusted trial balance prepared at the end of the accounting period will show the following balance in supplies:

• A)$0.
• B)$800.
• C)$600.
• D)$1,400.

---

Definitions:

Liver

A large, vital organ in vertebrates that performs a wide variety of functions, including detoxification, protein synthesis, and production of biochemicals necessary for digestion.

Sigmoid Colon

The part of the large intestine closest to the rectum and anus, curved like an "S", involved in the digestive process.

Ascending Colon

The first part of the colon that ascends from the cecum on the right side of the abdomen, absorbing fluids and nutrients from digested foods.

Sampling Distribution

The distribution of probabilities for a statistic obtained from a random sample.