Multiple Choice
At year end, Elliott counted the office supplies on hand, which amounted to $1500. The firm had $900 of supplies on hand at the start of the year, and had purchased $6000 of supplies during the year. What was the total office supplies expense for the year?
A) $6900
B) $3600
C) $5400
D) $4500
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Physicians, Inc. subscribes to three magazines and
Q40: Jeremy received $50 as a gift and
Q41: Which of the following transactions for July
Q42: The net profit figure is often referred
Q43: What effect do revenues and expenses eventually
Q45: The Flying High Company recorded a net
Q46: Colombo commenced business as a sole proprietor
Q47: The Stealth Company reports the following information
Q48: What information does a statement of comprehensive
Q49: Greenmango Ltd recorded payments made for the