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H3Ko H3Ko
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7 years ago
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
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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