At January 31, 2014, the balance in Bota Inc.'s supplies account was $500. During February, Bota purchased supplies of $600 and used supplies of $800. At the end of February, the balance in the supplies account should be

Question

Quizplus · Accepted Answer

The balance of the supplies account at the beginning of February was $500. During February, Bota purchased supplies worth $600, which increases the balance to $1,100 ($500 + $600). However, they used supplies worth $800, which decreases the balance by $800, leaving a final balance of $300 ($1,100 - $800) debit. Therefore, the correct answer is D.

At January 31, 2014, the Balance in Bota Inc