My comp reported suplies exp for 2 mil during the year. My suplies account deceased by 200k during the year to a end bal of 400. How much supplies did I purchase during the year.


I purchased 270k in supplies during the year. My supplies account increased 10k during the year to an end bal of 66k . What is my total sup exp for the year??


If someone could provide me with their aim or something... need help in this very much would prefer chatting please thank oyou

second problem... answer is 260k for supplies expense. Purchased 270k-260k supplies used = 10k increase in supplies account

first problem... answer is 1,800,000 purchased. Supplies expense is 2,000,000 - 1,800,000 purchased = 200k decrease in supplies account.

Quote:

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Originally Posted by Rowdy816

first problem...answer is 1,800,000 purchased. Supplies expense is 2,000,000 - 1,800,000 purchased = 200k decrease in supplies account.

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But what about the supplies expense of 2 mil on the first prob

And supplies account end bal of 66k

Quote:

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Originally Posted by mhasnat

but what about the supplies expense of 2 mil on the first prob

and supplies account end bal of 66k

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And can you give me your sn or your email ill give you my number I really need more help

BOTH of you need to review the guidelines for posting homework questions:
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Rowdy816, we are not here to do people's work for them, so please don't. They need to learn what they're doing, not just get answers from people.

mhasnat, they're basically wanting you to learn the flow of the accounts. For instance, on the second one...

You know the ending balance. When they say the account increased by 10K, they're meaning the ending balance is 10K bigger than the beginning balance was. That allows you to figure out what the beginning balance was. Once you have that, you can then add on the purchases made and sub-total it. The difference between that and the ending balance is what you used.

You can work the other one in a similar manner, except that you have to work backwards. As for the expense part, they're expecting you to know that used supplies get expensed, meaning they would be coming out of the account. That will figure into the flow of the account.

It can help to use a t account.