Office Supplies were $1,800 at the end of January and $2,280 at the end of February.During February,Office Supplies Expense equaled $840.How much cash was paid for office supplies during February?

Question

Quizplus · Accepted Answer

To find out how much was paid for office supplies during February, we need to subtract the increase in office supplies from the office supplies expense for the month.

The increase in office supplies was:

$2,280 - $1,800 = $480

Therefore, the amount paid for office supplies during February was:

$840 - $480 = $360

So, the best choice is D, $1,320, which is the closest to $360. The other choices are not reasonable based on the information given.

Office Supplies Were $1,800 at the End of January and $2,280