The following Office Supplies account information is available for Nabors, Inc. $$\begin{array} { | l | r| }
\hline \text { Beginning balance } & \$ 1,100 \
\hline \text { Office Supplies expensed } & 7,000 \
\hline \text { Ending balance } & 2,000 \
\hline
\end{array}$$ From the above information, calculate the amount of office supplies purchased.

Question

The following Office Supplies account information is available for Nabors, Inc. $$\begin{array} { | l | r| } 
\hline \text { Beginning balance } & \$ 1,100 \
\hline \text { Office Supplies expensed } & 7,000 \
\hline \text { Ending balance } & 2,000 \
\hline
\end{array}$$ From the above information, calculate the amount of office supplies purchased.

Quizplus · Accepted Answer

The amount of office supplies purchased can be calculated by adding the office supplies expensed to the ending balance and then subtracting the beginning balance: $7,000 + $2,000 - $1,100 = $7,900.

The Following Office Supplies Account Information Is Available for Nabors