During the accounting period, office supplies were purchased on account for $3,200. A physical count, on the last day of the accounting period, shows $1,100 of office supplies on hand. Supplies Expense for the accounting period is $3,300. What was the beginning balance of Office Supplies?
A) $4,400
B) $2,100
C) $1,200
D) There is not enough information to answer this question.
Correct Answer:
Verified
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