On January 1,20B,the Ledger of Global Corporation Correctly Showed Supplies

Multiple Choice

On January 1,20B,the ledger of Global Corporation correctly showed supplies inventory of $500.During 20B,supplies purchases amounted to $700.A count (inventory) of supplies on hand at December 31,20B,showed $400.The 20B income statement should report supplies expense amounting to which of the following?

A) $700.
B) $800.
C) $1,100.
D) $1,200.