A company's Office Supplies account shows a beginning balance of $600 and an ending balance of $400. If office supplies expense for the year is $3,100, what amount of office supplies was purchased during the period?

A. $2,900. B. $2,700. C. $3,500. D. $3,700. E. $3,300.

Question

Business

Holly Perry

28 October, 08:19

A company's Office Supplies account shows a beginning balance of $600 and an ending balance of $400. If office supplies expense for the year is $3,100, what amount of office supplies was purchased during the period?

A. $2,900. B. $2,700. C. $3,500. D. $3,700. E. $3,300.

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Answers (1)

Know the Answer?

Karina Gibson · Answer 1

A. $2,900

Explanation:

The computation of the office supplies was purchased during the period is shown below:

= Office supplies expense for the year + ending balance - beginning balance

= $3,100 + $400 - $600

= $2,900

For determine the purchase of office supplies, we added the ending balance and deduct the beginning balance to the office supplies expenses incurred for the year

A company's Office Supplies account shows a beginning balance of $600 and an ending balance of $400. If office supplies expense for the year is $3,100, what amount of office supplies was purchased during the period?A. $2,900. B. $2,700. C. $3,500. D. $3,700. E. $3,300.

A company's Office Supplies account shows a beginning balance of $600 and an ending balance of $400. If office supplies expense for the year is $3,100, what amount of office supplies was purchased during the period?

A. $2,900. B. $2,700. C. $3,500. D. $3,700. E. $3,300.