At January 31, 2014, the balance in Goebel Inc.'s supplies account was $700. During February. Goebel purchased supplies of $600 and used supplies of $800. At the end of February, the balance in the Supplies account should be

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The balance at the end of February is calculated as the beginning balance ($700) plus purchases ($600) minus used supplies ($800), resulting in a $500 debit balance.

At January 31, 2014, the Balance in Goebel Inc