The supplies account had a balance of $1,188 at the beginning of the year and...
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Accounting
The supplies account had a balance of $1,188 at the beginning of the year and was debited during the year for $3,475, representing the total of supplies purchased during the year. If $3,369 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a. $4,663 b. $1,294 c. $6,844 d. $3,369
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The supplies account had a balance of $1,188 at the beginning of the year and was debited during the year for $3,475, representing the total of supplies purchased during the year. If $3,369 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a. $4,663 b. $1,294 c. $6,844 d. $3,369 