A Company Started the Year with No Supplies

question 146

Multiple Choice

A company started the year with no supplies. During this year they bought $230 worth of supplies on account and later paid $150 of this debt. If there were $20 supplies left at the end of this year, what was the supply expense for the period?

• A)$210
• B)$80
• C)$20
• D)$60

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Definitions:

Motion Sensors

Devices that detect moving objects, particularly people, often used in security systems, lighting control, and automation.

Backup Camera

An automotive safety feature that uses a video camera mounted on the rear of the vehicle to display a view behind the car on a dashboard screen, helping the driver to reverse more safely.

Navigation System

Technology or software designed to guide users or vehicles to a destination through the use of maps and GPS data.

Public Domain Software

Software that is not protected by copyright law and is freely available for use, modification, and distribution by anyone.