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11111nata11111 [884]
3 years ago
8

a company had no office supplies available at the beginning of the year. during the year, the company purchased $370 worth of of

fice supplies. on december 31, $125 worth of office supplies remained. how much should the company report as office supplies expense for the year
Business
1 answer:
Galina-37 [17]3 years ago
5 0
Answer: $245

Supplies expense = Supplies purchased during the period - Ending balance of supplies on hand

= 370-125
= $ 245
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Explanation:

Given that,

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