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The asset account, Office Supplies had a beginning balance of $6,000. During the accounting period, office supplies were purchased, on account, for $5,200. A
The asset account, Office Supplies had a beginning balance of $6,000. During the accounting period, office supplies were purchased, on account, for $5,200. A physical count, on the last day of the accounting period, shows $2,900 of office supplies on hand. What is the amount of Supplies Expense for the accounting period? OA. $3,700 OB. $5,200 OC. $3,100 OD. $8,300
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