Response to the following questions:
1. Describe a company's annual reporting period.
2. Determine the missing amounts in each of these four separate situations a through d.
a b c d
Supplies available-prior year-end . . . . . . . . . . . $ 300 $1,600 $1,360 ?
Supplies purchased during the current year . . . 2,100 5,400 ? $6,000
Supplies available-current year-end . . . . . . . . . .750 ? 1,840 800
Supplies expense for the current year . . . . . . . . . ? 1,300 9,600 6,575