The following Office Supplies account information is availab

The following Office Supplies account information is available for Able, Inc.

Beginning balance $1,800
Office Supplies expensed 5,000
Ending balance 2,000

From the above information, calculate the amount of office supplies purchased.

A) $5,200
B) $5,000
C) $1,800
D) $2,000

ANSWER

A .Office Supplies:
Ending balance $2,000
Add Office Supplies expensed 5,000
7,000
Less beginning balance 1,800
Office Supplies purchased $5,200