Office Supplies expense?
Posted June 8th, 2009 by admin 1 Comment »
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?
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.
