A Company Started the Year with $400 of Supplies

question 101

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 Expense:

• A)$600.
• B)$800.
• C)$1,200.
• D)$1,600.

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Definitions:

Plasma

The liquid component of blood, in which blood cells are suspended, consisting of water, salts, and proteins.

Iron Supplement

A dietary supplement used to increase the amount of iron in the body, often prescribed for anemia.

Constipated

A condition where an individual has difficulty in evacuating bowels, often leading to infrequent and/or painful elimination.

Side Effect

An unwanted or unexpected reaction to a medication or treatment that occurs in addition to the desired therapeutic effect.