On January 1, 2029, the general ledger of PRO Corporation included supplies of $15,000. During 2029, supplies expense amounted to $35,000. A physical count of inventory on hand at December 31, 2029 determined that the amount of supplies on hand was $20,000. How much worth of supplies were purchased during 2029? A)$30,000 B)$55,000 C)$40,000 D)$45,000

On January 1, 2029, the general ledger of PRO Corporation included supplies of $15,000. During 2029, supplies expense amounted to $35,000. A physical count of inventory on hand at December 31, 2029 determined that the amount of supplies on hand was $20,000. How much worth of supplies were purchased during 2029? A)$30,000 B)$55,000 C)$40,000 D)$45,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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