Office Supplies expense?
Jess asked:
A company had no office supplies available at the beginning of the year. During the year, the company purchased $250 worth of office supplies. On December 31, $75 worth of office supplies remained. How much should the company report as office supplies expense for the year?
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A company had no office supplies available at the beginning of the year. During the year, the company purchased $250 worth of office supplies. On December 31, $75 worth of office supplies remained. How much should the company report as office supplies expense for the year?
a. $75.
b. $125.
c. $175.
d. $250.
e. $325.
June 13th, 2009 at 6:48 am
its d. they already paid for the supplies whether they used them or not.