The following information is available for Able Company's Office supplies account.
$$\begin{array} { | l | l | }
\hline \text { Beginning balance } & \$ 1600 \
\hline \text { Office supplies expensed } & 7000 \
\hline \text { Ending balance } & 4000 \
\hline
\end{array}$$
From the above information,calculate the amount of office supplies purchased.
A) $9400
B) $1600
C) $4000
D) $7000

Question

The following information is available for Able Company's Office supplies account.
$$\begin{array} { | l | l | } 
\hline \text { Beginning balance } & \$ 1600 \
\hline \text { Office supplies expensed } & 7000 \
\hline \text { Ending balance } & 4000 \
\hline
\end{array}$$
From the above information,calculate the amount of office supplies purchased.
A) $9400
B) $1600
C) $4000
D) $7000

Quizplus · Accepted Answer

The amount of office supplies purchased is calculated as: Ending balance + Office supplies expensed - Beginning balance = $4000 + $7000 - $1600 = $9400.

The Following Information Is Available for Able Company's Office Supplies