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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 Balance Sheet as Supplies?

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