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The account balances appearing on the trial balance (below) were taken from the general ledger of AM Company at September 30.
The account balances appearing on the trial balance (below) were taken from the general ledger of AM Company at September 30. Additional information for the month of September which has not yet been recorded in the accounts is as follows. The following adjustment entries. (a) A physical count of supplies indicates $400 on hand at September 30. (b) The amount of insurance that expired in the month of September was $300. (c) Depreciation on equipment was $400 on monthly basis. (d) Rent owed on the copy shop for the month of September was $800 but will not be paid until October. Using the above information, complete the worksheet on the following page for the month of September. 31. What is the adjusted balance reported on the Supplies balance after the adjustment entry on September 30:
