Missing amount from an account

On August 1, the supplies account balance was $1,025. During August, supplies of $3,110 were purchased, and $1,324 of supplies were on hand as of August 31. Determine supplies expense for August.

Question

Business

Asher Simmons

14 June, 09:28

Missing amount from an account

On August 1, the supplies account balance was $1,025. During August, supplies of $3,110 were purchased, and $1,324 of supplies were on hand as of August 31. Determine supplies expense for August.

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Answers (1)

Know the Answer?

Malachi Berger · Answer 1

supplies expense for August = $2811

Explanation:

given data

August 1 supplies on hand = $1,025

August purchased = $3,110

August 31 supplies on hand = $1,324

solution

we get here supplies expense for August that is express as

supplies expense for August = August 1 supplies on hand + August purchased - August 31 supplies on hand ... 1

put here value

supplies expense for August = $1,025 + $3,110 - $1,324

supplies expense for August = $2811

Missing amount from an accountOn August 1, the supplies account balance was $1,025. During August, supplies of $3,110 were purchased, and $1,324 of supplies were on hand as of August 31. Determine supplies expense for August.

Missing amount from an account

On August 1, the supplies account balance was $1,025. During August, supplies of $3,110 were purchased, and $1,324 of supplies were on hand as of August 31. Determine supplies expense for August.