The Asset Account,Office Supplies Had a Beginning Balance of $5,300

Multiple Choice

The asset account,Office Supplies had a beginning balance of $5,300.During the accounting period,office supplies were purchased,on account,for $4,900.A physical count,on the last day of the accounting period,shows $2,300 of office supplies on hand.What is the amount of Supplies Expense for the accounting period?

A) $4,900
B) $2,700
C) $7,900
D) $3,000