19. On June 1, Unidevo, Inc. purchased $1,700 worth of supplies on account. Prior to the purchase,...

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Accounting

19.On June 1, Unidevo, Inc. purchased $1,700 worth of supplies onaccount. Prior to the purchase, the balance in the supplies accountwas $0. On December 31, the fiscal year-end for Unidevo, it isdetermined that $800 of supplies still remain. What is the balancein the supplies account after adjustment?
a. $800
b. $0
c. $900
d. $1,700

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3.9 Ratings (762 Votes)

Ans The correct answer is Option a 800 In the given case since there is only one purchase transaction involved and the balance of supplies account before that See Answer

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