The supplies account had a balance of $1,453 at the beginning of the year and was debited
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Question:
- The supplies account had a balance of $1,453 at the beginning of the year and was debited during the year for $2,329, representing the total of supplies purchased during the year. If $3,459 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is
a. 5,788
b. 3,782
c. 3.459
d. 323
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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