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during bruce company’s first year of operations, the company purchased $3,400 of supplies. at year-end, a physical count of the supplies on hand revealed that $1,375 of unused supplies were available for future use. how will the related adjusting entry affect the company’s financial statements?

Respuesta :

adjusting entry affect the company’s financial statements is ( $3400 - $ 1375 = $2025) .so answer of given question is  $2025.

How Do Financial Statements Work?

Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements used by for-profit organizations. Nonprofit organizations employ a comparable but distinct set of financial statements.

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