Tommy City acquired $17300 of supplies inventory on November 1, 2019, having held no supplies inventory previously. On December 31, 2019, the end of Tommy City's fiscal year, a physical count shows $6700 worth of supplies inventories still on hand. Based on the preceding information, what amount would be reported as Supplies Inventory at December, 31 2019 if Tommy City used the consumption method of accounting for supplies inventories? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000.

Tommy City acquired $17300 of supplies inventory on November 1, 2019, having held no supplies inventory previously. On December 31, 2019, the end of Tommy City's fiscal year, a physical count shows $6700 worth of supplies inventories still on hand. Based on the preceding information, what amount would be reported as Supplies Inventory at December, 31 2019 if Tommy City used the consumption method of accounting for supplies inventories? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000.

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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