Kareena K.
Principles of Accounting
an hour ago
On January 1, 20x7 you had $12,400 in your office supplies inventory account. During the year you purchased an additional $45,000 of office supplies. A physical count of the supplies on December 31, 20x7 reveals that you have $16,300 of supplies on hand. What is supplies expense for the year ended December 31, 20x7?