QUESTION 42 On April 1, the Yohan Corporation had cash of $35,100, supplies of $

Question

QUESTION 42

On April 1, the Yohan Corporation had cash of $35,100, supplies of $9,900, and accounts payable of $7,800. During April, the Corporation engaged in many events, including (a) buying $3,700 additional supplies on account, (b) using a total of $6,500 of supplies to provide services to customers in April, (c) paying $4,800 for supplies purchased in February, and (d) paying $5,400 cash for additional supplies.

Calculate the balance in the supplies T account at the end of April.

a. $17,300

b. $2,600

c. $12,500

d. $19,000

Explanation / Answer

c. $12,500 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Beginning balance of Supplies                9,900.00 Add supplies purchased              3,700.00 Less Supplies consumed            (6,500.00) Add supplies purchased              5,400.00 Ending balance of Supplies              12,500.00

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