On July 1, 2010, Do-It-Yourself Warehouse purchased 100 barbeque pits at $75 each from Blazing Inferno B-B-Q. Shipping terms are EORshipping-paint. Total delivery charges are $5 per barbeque pit. Do-It- Yourself's inventory account balance should be increased by what amount as a direct result of this purchase? -H7700 b.$ 500 c. $7,000 d. $7,500 $8,000 e. Answer: On January 1,2010, Grey Corporation had $1,000 of office supplies on hand. During the year, Grey purchased $10,000 of office supplies on credit. Payments to vendors for those supplies during 2010 totaled $8,400. At the end of the accounting period, only $1,300 of the supplies remained in Grey's supply cabinet. How much office supplies expense should Grey recognize for 2010? S 1e9 oK .uK-13 1300 as1,300 S1,600 C$2,300 di $8,400 e, $9.700