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Knoll Company started Year 2 with a $620 balance in its Cash account, a $560 balance in its Supplies account and a $1,300 balance in

Knoll Company started Year 2 with a $620 balance in its Cash account, a $560 balance in its Supplies account and a $1,300 balance in its Common Stock account. During Year 2 the company experienced the following events. (1) Paid $430 cash to purchase supplies (2) Physical count revealed $130 of supplies on hand at the end of Year 2 Based on this information the amount of supplies expense reported on the Year 2 income statement is

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