1 Johnson Company had $5,100 of supplies on hand at the beginning of the year, purchased an additional $12,400 of supplies during the year, and ended...

1 Johnson Company had $5,100 of supplies on hand at the beginning of the year, purchased an additional $12,400 of supplies during the year, and ended the year with $6,100 of supplies on hand. How much is supplies expense for the year?

2.The balance sheet of Strauss Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,300,000; and Other Assets, $200,000. Strauss' only debt is $2,070,000 owed to a bank. What is Strauss' stockholders' equity?