Acompany started the year with $2,000 of office supplies. during the year and additional $8,000 of supplies were purchased. a physical count of office supplies on december 31 showed that $3,200 of supplies were available. at december 31, how much should the company record as supplies expense for the year?

The correct answer is to record 6.800 as supplies expenses for the year

Explanation:

Explanation, Firstly, you have to sum the amount of the beginning balance plus the supplies purchased (2.000+8.000= 10.000) then subtract the value of the physical count (10.000-3200= 6.800) Having said that we can deduct that the amount to be record as supplies expenses for the year is 6.800  

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