Accounting problem, accounting, Basic Statistics

a business was started on January 1, 2011 and $1000 of supplies to use in the business. At the end of the month 25% of the supplies remains unpaid and 20% are still on hand. what amounts appear on the financial statements for January 2011 on both the income statement and balance sheet(cash)?
Posted Date: 2/15/2012 2:39:10 AM | Location : United States

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