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Carolina Mills purchased $260,000 in supplies this year. The supplies account increased by $12,000 during the year to an ending balance of $75,000. What was

Carolina Mills purchased $260,000 in supplies this year. The supplies account increased by $12,000 during the year to an ending balance of $75,000. What was supplies expense for Carolina Mills during the year?

Multiple Choice

  • $224,000.
  • $272,000.
  • $248,000.
  • $296,000.

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