Question

The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1,200 and $375, respectively. If the office supplies expense for the month is $1,900, what amount of office supplies was purchased during February?

A) $1,525
B) $2,325
C) $3,100
D) $1,500
E) $1,075

Answer 1

The amount of office supplies purchased during February was $2,725.

Step-by-step explanation:

To determine the amount of office supplies purchased during February, we need to calculate the difference between the beginning balance and the ending balance and then add the office supplies expense for the month. In this case, the beginning balance is $1,200, the ending balance is $375, and the office supplies expense is $1,900.

So, the amount of office supplies purchased during February can be calculated as: Beginning balance + Office supplies expense - Ending balance

Amount of office supplies purchased = $1,200 + $1,900 - $375 = $2,725

Therefore, the amount of office supplies purchased during February was $2,725.