On January 1, Squid Roe, Inc. had a supplies balance of $1,500. During the year, it purchased $40,000 of supplies on credit, of which $30,000 was paid. At the end of the year, it had $2,000 of supplies on hand. The amount of Supplies Expense for the year end December 31 equals $?

Explanation:

With the help of Preparing Suppllies Account we got the answer

                                 Supplies Account

                                                                      jan 1  By balance b/d         1,500

                 To Cash (expenses) Bal 9,500            By Purchase         40,000

                  To Bank (paid )             30,000

 Dec 31      To bal c/d                        2,000

So by preparing Supplies Account we got the balance amount of Expenses paid to supplies are 9,500 $

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

say it in english maybe we can