Doran Systems Corp.has grown significantly over the past year.One area that has plagued the Controller of Doran is the reconciliation of supplies expense.The end-of-year supplies on hand totaled $20, and purchases totaled $500, and supplies on hand at the beginning of the year amounted to $200.How much will Doran Systems report as supplies expense for the current year?

Question

Quizplus · Accepted Answer

The Answer of Doran Systems Corp.has grown significantly over the past year.One area that has plagued the Controller of Doran is the reconciliation of supplies expense.The end-of-year supplies on hand totaled $20, and purchases totaled $500, and supplies on hand at the beginning of the year amounted to $200.How much will Doran Systems report as supplies expense for the current year?