A Company Started the Year with No Supplies

question 133

Multiple Choice

A company started the year with no supplies.During this year they bought $200 worth of supplies on account and later paid $150 of this debt.If there were $40 supplies left at the end of this year,what was the supply expense for the period?

• A)$160
• B)$50
• C)$40
• D)$10

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