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A company has supplies costing $3,500 in storage, and add $2,600 worth supplies during the month. At the end of the month, $1,400 worth of
A company has supplies costing $3,500 in storage, and add $2,600 worth supplies during the month. At the end of the month, $1,400 worth of supplies left in the storage. Your answer says the expense account affected is Supplies Expense. But if this company sells these supplies, shouldnt it be Cost of Goods Sold, instead of Supplies Expense?
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