On January 1, 2019, the general ledger of Global Corporation included supplies of $1,300. During 2019, supplies purchased amounted to $5,600. A physical count of inventory on hand at December 31, 2019 determined that the amount of supplies on hand was $1,500. How much is the supplies expense for year 2019?

Respuesta :

Answer:

the  supplies expense for the year 2019 is $5,400

Explanation:

The computation of the supplies expense for the year 2019 is as follows:

Supplies Expense = Opening balance of Office supplies + Purchase of supplies during the year - ending balance of Office supplies

= $1,300 + $5,600 - $1,500

= $5,400

Hence, the  supplies expense for the year 2019 is $5,400

We simply applied the above formula so that the correct value could come

And, the same is to be considered

The supplies of the expense for the year from 2019 is about $5,400.

What are the computations of the expenses ?

The computation for the supplies and expenses for the year of 2019 . The supplies expense is equal to the opening balance of the Office supplies plus the purchase of the supplies during the year minus the ending balance of the office supplies

= $1,300 + $5,600 - $1,500 = $5,400.

Hence the expense of the year is 5,400 USD.

Find out more information about the general ledger.

brainly.com/question/17053387.