At the beginning of the month you had 3500 in office supplie

At the beginning of the month you had $3500 in office supplies. You bought $1500 more. Your inventory is now $1000. What number will appear under office supplies on the balance sheet?

Solution

Beginning inventory = 3500

Purchase = 1500

Endig inventory = 1000

So $1000 will appear under office supplies on the balance sheet