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The supplies account has a balance of $1,100 and the supplies expense account has a balance of $3,100 at 12/31/13. If the first year of
The supplies account has a balance of $1,100 and the supplies expense account has a balance of $3,100 at 12/31/13. If the first year of operations, what was the amount of supplies purchased during the year?My question is do I add both amounts together or would I subtract $1,100 from $3,100 for adjustment for supplies?
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