Question
The supplies account had a balance of $4,397 at the beginning of the year and was debited during the year for $2,304, representing the total
The supplies account had a balance of $4,397 at the beginning of the year and was debited during the year for $2,304, representing the total of supplies purchased during the year. If $296 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is
a.$6,405
b.$6,701
c.$296
d.$2,600
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Accounting Fraud, Maneuvering And Manipulation, Past And Present
Authors: Gary Giroux
2nd Edition
1947098748, 9781947098749
