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The asset account office supplies has a balance of 895 at

Question - The asset account Office Supplies has a balance of $895 at the beginning of the year. The amount on hand at the end of the year is $690. The company has calculated the Supplies Expense for the year to be $5,400. Based on this information, what amount of office supplies was purchased during the year?

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Accounting Basics: The asset account office supplies has a balance of 895 at

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Accounting Basics: The asset account office supplies has a balance of 895 at

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