Question
The balance in the office supplies account on June 1 was $4,993, supplies purchased during June were $2,805, and the supplies on hand at June
The balance in the office supplies account on June 1 was $4,993, supplies purchased during June were $2,805, and the supplies on hand at June 30 were $3,196. Determine the amount to be recorded as supplies expense for the June 30 adjusting entry.
A. $10,994
B.$2,805
C.$4,602
D.$3,196
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Financial Accounting International Financial Reporting Standards Global Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
11th Edition
9781292211145
