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A. 1,490 B. 0 C. 615 D. 875 Hoffman, Incorporated adjusts its books each month but closes its books at the end of the year.
A. 1,490
B. 0
C. 615
D. 875
Hoffman, Incorporated adjusts its books each month but closes its books at the end of the year. The company's unadjusted trial balance at March 31 is as follows: Credit Debit $ 11, 110 9,810 1,490 2,760 21,600 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation: Equipment Unearned Service Revenue Capital Stock Retained Earnings Dividends Service Revenue Earned Salaries Expense Utilities Expense Rent Expense Totals $ 8,640 7,450 6,150 24,350 1,750 13,510 8,750 580 2,250 $ 60,100 $ 60,100 At March 31, the amount of supplies on hand is $615. What amount is reported in the March income statement for supplies expenseStep by Step Solution
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