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Determine the amount of supplies expense for the year

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Reference no: EM132776903

Problem 1: Place Corp. purchased supplies at a cost of $12,000 during the year. At January 1, supplies on hand were $2,000. At December 31, supplies on hand are $1,000. Determine the amount of supplies expense for the year.

a.$12,000

b.$14,000

c.$10,000

d.$13,000

Reference no: EM132776903

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