Lean Ltd Had a Balance of $52,300 in the Office Supplies

Multiple Choice

Lean Ltd. had a balance of $52,300 in the office supplies account at the start of the year. During the year, purchases of $141,700 were made and debited to office supplies account. At the end of the year, a physical count of the office supplies indicated $41,800 on hand. What was the office supplies expense for the year?

A) $141,700
B) $152,200
C) $183,500
D) $194,000