The asset account,Office Supplies,had a beginning balance of $3,700.During the accounting period,office supplies were purchased,on account,for $3,500.Supplies Expense for the accounting period is $4,100.What is the ending balance of Office Supplies?
A) $7,200
B) $3,100
C) $4,100
D) $4,300

Question

Quizplus · Accepted Answer

B) Office Supplies:
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The Asset Account,Office Supplies,had a Beginning Balance of $3,700