The following Office Supplies account information is available for Able,Inc. $$\begin{array} { | l | r | }
\hline \text { Beginning balance } & \$ 1,800 \
\hline \text { Office Supplies expensed } & 5,000 \
\hline \text { Ending balance } & 2,000 \
\hline
\end{array}$$ From the above information,calculate the amount of office supplies purchased.
A)$5,200
B)$5,000
C)$1,800
D)$2,000

Question

The following Office Supplies account information is available for Able,Inc. $$\begin{array} { | l | r | } 
\hline \text { Beginning balance } & \$ 1,800 \
\hline \text { Office Supplies expensed } & 5,000 \
\hline \text { Ending balance } & 2,000 \
\hline
\end{array}$$ From the above information,calculate the amount of office supplies purchased.
A)$5,200
B)$5,000
C)$1,800
D)$2,000

Quizplus · Accepted Answer

Office Supplies purchased = Beginning balance + Office Supplies expensed - Ending balance= $1,800 + $5,000 - $2,000= $5,200

The Following Office Supplies Account Information Is Available for Able,Inc