Kizspy | Question: 38
(Choose 1 answer)
The company has no office supplies available ai the beginning of the year. During the year, the company purchased $500 of office supplies on credit. On December 31, there is $100 of office supplies remained. How much should the company report for the year as office supplies expense?
A. $600
B. $400
C. $100
D. $300
Ε. $500
