Question

A company had no office supplies available at the beginning of the year. During the year, the company purchased 310 worth of office supplies. On December 31, $95 worth of office supplies remained. How much should the company report as office expenses for the year

Answer 1

310-95 is 215. You start with what you know, the starting expenses. If you spend x amount of money, you are left with 95 dollars. 310-95 is 215