AllTech Corporation had a balance of $ 1 comma 800 in Prepaid Supplies at the beginning of the year. The company purchased $ 1 comma 150 of supplies during the year. At year end, Prepaid Supplies had a balance of $ 1 comma 900. What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

Question

Business

Trevor Stark

6 October, 06:18

AllTech Corporation had a balance of $ 1 comma 800 in Prepaid Supplies at the beginning of the year. The company purchased $ 1 comma 150 of supplies during the year. At year end, Prepaid Supplies had a balance of $ 1 comma 900. What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

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Ellen Garrison · Answer 1

What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?

$1050

Explanation:

Beggining of the year 1800

Purchased 1150

End of the year 1900

Expenses 1050

end = beg+purtcahse-expense

expense=beg+purchases-end

expense=1050