The asset account,Office Supplies,had a beginning balance of $3,900.During the accounting period,office supplies were purchased,on account,for $2,600.Supplies Expense for the accounting period is $4,500.What is the ending balance of Office Supplies?
A)$6,500
B)$2,000
C)$4,500
D)$5,800

Question

Quizplus · Accepted Answer

B)
Office Supplies:
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The Asset Account,Office Supplies,had a Beginning Balance of $3,900