At December 31, 2018, you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2018 $ 1,757 Unadjusted balance in Supplies Expense on December 31, 2018 3,477 Supplies on hand, counted on December 31, 2018 588 What amount should be reported on the 2018 income statement as Supplies Expense?

At December 31, 2018, you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2018 $ 1,757 Unadjusted balance in Supplies Expense on December 31, 2018 3,477 Supplies on hand, counted on December 31, 2018 588 What amount should be reported on the 2018 income statement as Supplies Expense?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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