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Q2. (25 marks) of the office supplies Karen Consulting buys each month, 60% are paid for during the same month and 40% are paid for

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Q2. (25 marks) of the office supplies Karen Consulting buys each month, 60% are paid for during the same month and 40% are paid for during the following month. During July, Karen purchased $600 of office supplies. During August, Karen paid $450 for office supplies. The office supplies inventory was $160 on July 31 and was $90 on August 31. What should be reported as office supplies expense for August

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