At December 31, 2018, you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2018 $ 1,874 Unadjusted balance in Supplies Expense on December 31, 2018 3,394 Supplies on hand, counted on December 31, 2018 321 What amount should be reported on the 2018 Balance Sheet as Supplies?
At December 31, 2018, you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2018 $ 1,874 Unadjusted balance in Supplies Expense on December 31, 2018 3,394 Supplies on hand, counted on December 31, 2018 321 What amount should be reported on the 2018 Balance Sheet as Supplies?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At December 31, 2018, you obtained the following data relating to supplies.
Unadjusted balance in Supplies on December 31, 2018 $ 1,874
Unadjusted balance in Supplies Expense on December 31, 2018 3,394
Supplies on hand, counted on December 31, 2018 321
What amount should be reported on the 2018
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