Question: Entertainment Services USA started the year with $…
Entertainment Services USA started the year with $200 of supplies. During the year the company purchased additional supplies costing $1,200. There was $800 of supplies on hand at the end of the year. The financial statements will report what amounts?
Entertainment Services USA started the year with $200 of supplies. During the year the company purchased additional supplies costing $1,200. There was $800 of supplies on hand at the end of the year. The financial statements will report what amounts?
Income Statement Balance Sheet
A. $800 $600
B. $600 $800
C. $600 $200
D. $1,200 $800
E. $1,200 $–0–
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