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A company's Office Supplies account shows a beginning balance of $780 and an ending balance of $760. If office supplies expense for the year is $4,000, what amount of office supplies was purchased during the period

Sagot :

The answer is $3880.

Given, that the Office Supplies account beginning balance = $780

the Office Supplies account ending balance = $760

office supplies expense for the year = $4,000

office supplies purchased during the period will be calculated as :

Particulars                                                                          Amount (in $)

office supplies expense for the year                                      4000

Add: Office Supplies account ending balance                       760

Less: Office Supplies account beginning balance                (780)

office supplies purchased during the period                       3880

Hence, the amount of office supplies purchased during the period for the given case is $3880.

Learn more about Supplies Account:

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