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What is the amount of adjusting entry for office supplies

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Reference no: EM132993238

Problem 1: If Bojana Tax Services' office supplies account balance on March 1 was $850, the company purchased $450 of supplies during the month, and a physical count of supplies on hand at the end of March indicated $1,050 unused, what is the amount of the adjusting entry for office supplies on March 31?

Multiple Choice

Option 1: $1,300
Option 2: $250
Option 3: $450
Option 4: $1,450
Option 5: $850

Reference no: EM132993238

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