The supplies account balance on December 31 is $1,750. The supplies on hand on December 31 are $ 245.
Selected account balance before adjustment for monsoon hair salon at December 31, the end of the current year, are as follows
The balance in Internet solutions' supplies account on December 31 is 2,000 ( exhibit 2 ) Some of these supplies were used during December, and some are still on hand (not used) it is normally easier to determine the supplies on hand at the end of the month than to keep a daily record of supplies used. Assume that on December 31 the amount of supplies on hand is 760. The amount of supplies used is 1,240 is computed as follows