TB MC Qu$.2-36($Algo$)$ Knoll Company started Year $2$ with...

Knoll Company started Year $2$ with a $$880$ balance in its Cash account, a $$690$ balance in its Supplies account and a $$1,950$ balance in its Common Stock account. During Year $2$ the company experienced the following events.

$(1)$ Paid $$495$ cash to purchase supplies

$(2)$ Physical count revealed $$195$ of supplies on hand at the end of Year $2$

Based on this information the amount of supplies expense reported on the Year $2$ income statement is

Multiple Choice

$$495.$

$$990.$

$$195.$

$$1,185$