Trial balance prepared at the end of the accounting period


A company started the year with $400 of supplies. During the year the company purchased additional supplies costing $1,600. There were $800 of supplies on hand at the end of the year. An adjusted trial balance prepared at the end of the accounting period will show the which of the following balance in Supplies:

a) $1,400.

b) $800.

c) $600.

d) $0.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Trial balance prepared at the end of the accounting period
Reference No:- TGS081628

Expected delivery within 24 Hours