Question -
A) The balance in the supplies account before adjustment is $4,000. What is the amount of the adjustment if the amount of supplies on hand at the end of the year is $1,750?
B) The supplies account has a balance of $1,100, and the supplies expense account has a balance of $3,100 at December 31, 2013 was the first year of operations, what was the amount of supplies purchased during the year? Need to show work.