During the accounting period, office supplies were purchased on account for $3,200. A physical count, on the last day of the accounting period, shows $1,100 of office supplies on hand. Supplies Expense for the accounting period is $3,600
What was the beginning balance of Office Supplies?
A) $4,700
B) $2,100
C) $1,500
D) There is not enough information to answer this question.
C .Office Supplies:
Ending balance $1,100
Add Office Supplies expensed 3,600
4,700
Less Office Supplies purchased 3,200
Office Supplies Beginning Balance $1,500
Business
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