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The asset account Office Supplies has a balance of $800 at the beginning of the year. The amount on hand at the end of the
The asset account Office Supplies has a balance of $800 at the beginning of the year. The amount on hand at the end of the year is $500. The company has calculated the Office Supplies Expense for the year to be $3,500. Based on this information, what amount of office supplies was purchased during the year?
$0 | |
$4,000 | |
$3,200 | |
$3,000 |
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