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

Question

Quizplus · Accepted Answer

Total supplies purchased during the year = $6000
Total supplies on hand at the end of the year = $1500
Total supplies used during the year = $6000 - $1500 = $4500

Office supplies expense for the year = (Total supplies purchased during the year + Total supplies on hand at the start of the year) - Total supplies on hand at the end of the year
= ($6000 + $900) - $1500
= $5400.

At Year End, Elliott Counted the Office Supplies on Hand