ALL 12 Final Fal 2021 Midterm bum) - Sand 1) The following Office Supplies account information is available for Nabors Company. Beginning balance $2,000 Office Supplies expensed 8,000 Ending balance 1,000 From the above information, calculate the amount of office supplies purchased. A) $7,000; B) $8,000; C) $2,000; D) $1,000; E)None of the above 2) The asset account, Office Supplies, had a beginning balance of $3,700. During the accounting period, office supplies were purchased, on account, for $3,500. Supplies Expense for the accounting period is $4,100. What is the ending balance of Office Supplies? A) $7,200; B) $3,100; C) $4,100; D) $4,300; E) None of the above