Charlie Company had $1,800 of supplies on hand at January 1 . During the year, supplies with a cost of $4,000 were purchased. At December 31, the actual supplies on hand amount to $1,300 . After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. Supplies Supplies Expense
a.
$1,800 $4,000
b.
$1,300 $4,500
c.
$5,300 $5,800
d.
$1,300 $5,800
b
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Fill in the blank(s) with the appropriate word(s).
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