At march 1, 2017, candy inc. had supplies on hand of $2,000. during the month, candy purchased supplies of $2,900 and used supplies of $2,800. the march 31 balance sheet should report what balance in the supplies account?

The March 31st balance sheet should have $2100.

Explanation:

Candy Inc. had $2000 of supplies on hand. They purchased $2900 more.

Therefore at this time, Candy Inc. had a total of $4900 supplies.  See below.

Total amount of supplies = supplies on hand + supplies purchased

Total amount of supplies = $2000+$2900

Total amount of supplies= $4900

They used $2800 in March. Therefore, the March 31st balance sheet should have $2100.

Balance=total amount of supplies-supplies used

Balance=$4900-$2800

Balance=$2100

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