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Hank's Tax Planning Service Has a Beginning Balance in the Supplies

Question 103

Multiple Choice

Hank's Tax Planning Service has a beginning balance in the Supplies account of $800. During the current month, he purchased an additional $2 000 of supplies. At the end of the month, he had $250 of supplies left. The amount of supply expense to be recorded for the month is:


A) $250.
B) $1 750.
C) $2 000.
D) $2 550.

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