The balance in Tee Tax Services' office supplies account on February 1 and February 28 was $1,200 and $375, respectively. If the office supplies expense for the month is $1,900, what amount of office supplies was purchased during February?

Question

Quizplus · Accepted Answer

Office supplies purchased = Beginning balance + Purchases - Ending balance= $1,200 + Purchases - $375= Purchases = $1,900

The Balance in Tee Tax Services' Office Supplies Account on February