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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.

Respuesta :

we are given

Account balance on 1 st August was $1,025

so,

[tex]BB=1025[/tex]

During August, supplies of $3,110 were purchased

so,

purchase =3110

$1,324 of supplies were on hand as of August 31

so, EB=1324

Let's assume supplies expense for August  as X

so, we can use formula

[tex]BB+purchase-X=EB[/tex]

now, we can plug values

we get

[tex]1025+3110-X=1324[/tex]

now, we can solve for X

we get

[tex]X=2811[/tex]

so,

The supplies expense for August is $2811.........Answer

Answer:

2811.00

Step-by-step explanation:

BB + Purchase - Used Up = EB 1,025 +3110 - X = 1324X = 2811

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