A company's Office Supplies account shows a beginning balance of $740 and an ending balance of $680. If office supplies expense for the year is$3,800, what amount of office supplies was purchased during the period?Multiple Choice$3,740.$3,120.$4,540.$4,480.$3,860

Answer : Office supplies purchased : Ending supplies balance $680 Add : Office supplies…

Answered: O $3,74 $3,120 $4,54

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 7DQ: A merchandising company shows 8,842 in the Supplies account on the preadjusted trial balance. After...

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If a vendor's invoice for the purchase of office supplies totaled $51.75, and this total included $3.60 PST and $3.15 GST, what amount would be recorded in the Office Supplies column of the Purchases Journal?
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Ending supplies balance	$680
Add : Office supplies expenses	$3,800
Less :Beginning supplies balance	($740)
Office supplies purchased	$3,740