O'Connor Company purchased supplies totaling $21,600. By year end, $9,300 of supplies were still on hand. How much supplies expense should O'Connor recognize?

Name: O'Connor Company purchased supplies totaling $21,600. By year end, $9,300 of supplies were still on hand. How much supplies expense should O'Connor recognize?
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Question

Quizplus · Accepted Answer

The supplies expense is calculated by subtracting the ending supplies on hand ($9,300) from the total supplies purchased ($21,600), resulting in $12,300.

O'Connor Company Purchased Supplies Totaling $21,600