Solution-Determine the supplies expense

Determine the supplies expense

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Question - You start the year with a supplies inventory of $4,500. During the year, you made a cash purchase of supplies for $5,000 and a credit purchase of supplies for $6,500. You paid 70% of the credit purchases of supplies. Your ending supplies inventory is $5,400. Determine the supplies expense?

a. $4,100

b. $8,650

c. $6,050

d. $10,600

Reference no: EM132870379

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Determine the supplies expense

Reference no: EM132870379

Reference no: EM132870379

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