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A company had no office supplies available at the beginning of the year. During the year, the company purchased $370 worth of office supplies. On
A company had no office supplies available at the beginning of the year. During the year, the company purchased $370 worth of office supplies. On December 31, $125 worth of office supplies remained. How much should the company report as office supplies expense for the year?
- $245.
- $495.
- $370.
- $225.
- $125.
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