Beck Company had $600 of supplies on hand at January 1, 2006. During 2006, suppl

Question

Beck Company had $600 of supplies on hand at January 1, 2006. During 2006, supplies costing $6,000 were purchased.
At December 31, 2006 a physical count revealed that Beck Company had $400 of supplies on hand. After the adjusting
entries for 2006 are recorded and posted, the balances in the supplies account and the supplies expense account would
be: Question 3 options: A) supplies $6,000 and supplies expense $400 B) supplies $400 and supplies expense $6,400 C) supplies $400 and supplies expense $6,200 D) supplies $400 and supplies expense $6,600 E) supplies $6,200 and supplies expense $6,200 Beck Company had $600 of supplies on hand at January 1, 2006. During 2006, supplies costing $6,000 were purchased.
At December 31, 2006 a physical count revealed that Beck Company had $400 of supplies on hand. After the adjusting
entries for 2006 are recorded and posted, the balances in the supplies account and the supplies expense account would
be: Beck Company had $600 of supplies on hand at January 1, 2006. During 2006, supplies costing $6,000 were purchased.
At December 31, 2006 a physical count revealed that Beck Company had $400 of supplies on hand. After the adjusting
entries for 2006 are recorded and posted, the balances in the supplies account and the supplies expense account would
be: A) supplies $6,000 and supplies expense $400 B) supplies $400 and supplies expense $6,400 C) supplies $400 and supplies expense $6,200 D) supplies $400 and supplies expense $6,600 E) supplies $6,200 and supplies expense $6,200 A) supplies $6,000 and supplies expense $400 B) supplies $400 and supplies expense $6,400 C) supplies $400 and supplies expense $6,200 D) supplies $400 and supplies expense $6,600 E) supplies $6,200 and supplies expense $6,200 A) supplies $6,000 and supplies expense $400 B) supplies $400 and supplies expense $6,400 C) supplies $400 and supplies expense $6,200 D) supplies $400 and supplies expense $6,600 E) supplies $6,200 and supplies expense $6,200

Explanation / Answer

C) supplies $400 and supplies expense $6,200

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