englewood corporation experienced four situations for its supplies. view the four situations. requirement 1…

englewood corporation experienced four situations for its supplies. view the four situations. requirement 1. calculate the amounts that have been left blank for each situation. for situations 1 and 2, journalize the n separately. situation 2 beginning supplies $700 purchases of supplies during the year 400 total amount to account for 1,100 ending supplies (900) supplies expense $200 calculate the amounts that have been left blank for situation 3. situation 3 beginning supplies $700 purchases of supplies during the year 1,300 total amount to account for 2,000 ending supplies (700) supplies expense $1,300 calculate the amounts that have been left blank for situation 4. situation 4 beginning supplies $1,000 purchases of supplies during the year 800 total amount to account for 1,800 ending supplies supplies expense $1,600

englewood corporation experienced four situations for its supplies. view the four situations. requirement 1. calculate the amounts that have been left blank for each situation. for situations 1 and 2, journalize the n separately. situation 2 beginning supplies $700 purchases of supplies during the year 400 total amount to account for 1,100 ending supplies (900) supplies expense $200 calculate the amounts that have been left blank for situation 3. situation 3 beginning supplies $700 purchases of supplies during the year 1,300 total amount to account for 2,000 ending supplies (700) supplies expense $1,300 calculate the amounts that have been left blank for situation 4. situation 4 beginning supplies $1,000 purchases of supplies during the year 800 total amount to account for 1,800 ending supplies supplies expense $1,600

Answer

Explanation:

Step1: Recall the supplies - expense formula

The formula for calculating supplies expense is: Supplies Expense=Beginning supplies + Purchases of supplies - Ending supplies. We can also re - arrange it to find ending supplies: Ending supplies=Beginning supplies + Purchases of supplies - Supplies Expense.

Step2: Identify the values for situation 4

For situation 4, Beginning supplies = $1000, Purchases of supplies = $800, and Supplies Expense = $1600.

Step3: Calculate the ending supplies

Using the formula Ending supplies=Beginning supplies + Purchases of supplies - Supplies Expense, we substitute the values: $1000 + 800-1600$. $1000 + 800=1800$, and $1800 - 1600 = 200$.

Answer:

$200$