On January 1, 2016, the General Ledger of Global Corporation

Multiple Choice

On January 1, 2016, the general ledger of Global Corporation included supplies of $1,000. During 2016, supplies purchased amounted to $5,000. A physical count of inventory on hand at December 31, 2016 determined that the amount of supplies on hand was $1,200. How much is the supplies expense for year 2016?

A) $6,000.
B) $5,200.
C) $4,800.
D) $1,000.