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Given the following information on the activity in the office supplies asset account for 2012: Beginning Balance - $500; Purchases made during the year
Given the following information on the activity in the office supplies asset account for 2012: Beginning Balance - $500; Purchases made during the year - $200; Ending count of supplies on hand - $300 What is the amount that would be shown in the supplies expense account on the income statement for 2012? $200 $1,000 $400 $500
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