Solved: The supplies on hand at the beginning of the month total, Accounting Basics

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The supplies on hand at the beginning of the month total

Question - During the month of May, Marty's Mini-Mart purchased supplies totaling $3,400. A count in the storeroom on May 31 indicates that that supplies on hand amount to $750. The supplies on hand at the beginning of the month total $825. What amount will be recorded as an expense on May 31 in Marty's income statement?

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Accounting Basics: The supplies on hand at the beginning of the month total

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