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...
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc3b1b46-9f9c-4c4b-83d8-808f8ee30788%2F42de2770-6c07-416b-ab3f-73f527f45a92%2Fjz76aoa_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Answer :
Office supplies purchased :
Ending supplies balance | $680 |
Add : Office supplies expenses | $3,800 |
Less :Beginning supplies balance | ($740) |
Office supplies purchased | $3,740 |
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
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