Question
Your Company started the accounting period with $5,200 in supplies. During the period the company purchased $4,400 of supplies on account and debited prepaid supplies.
Your Company started the accounting period with $5,200 in supplies. During the period the company purchased $4,400 of supplies on account and debited prepaid supplies. At the end of the accounting period there was $4,700 of supplies on hand. What is the supplies expense for the period?
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
