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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 28, 2016



Title: The asset account, Office Supplies had a beginning balance of $5,300. During the accounting period, ...
Post by: H3Ko on Aug 28, 2016
The asset account, Office Supplies had a beginning balance of $5,300.  During the accounting period, office supplies were purchased, on account, for $4,900.  A physical count, on the last day of the accounting period, shows $2,300 of office supplies on hand.  What is the amount of Supplies Expense for the accounting period?
A) $2,700
B) $7,900
C) $4,900
D) $3,000


Title: Re: The asset account, Office Supplies had a beginning balance of $5,300. During the accounting ...
Post by: Tanks on Aug 28, 2016
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Title: Re: The asset account, Office Supplies had a beginning balance of $5,300. During the accounting period, ...
Post by: H3Ko on Oct 12, 2016
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right