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The asset account, Office Supplies had a beginning balance of $5,300. During the accounting period, office supplies were purchased, on account, for $5,500. A physical
The asset account, Office Supplies had a beginning balance of $5,300. During the accounting period, office supplies were purchased, on account, for $5,500. A physical count, on the last day of the accounting period, shows $2,800 of office supplies on hand. What is the amount of Supplies Expense for the accounting period? O $5,500 $2,600 $8,000 $2,500
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