The balances in Sanchez Accounting Services office supplies

The balances in Sanchez Accounting Services\' office supplies account on February 1 and February 28 were $1,050 and $450, respectively. If he office supplies expense for the month is $1,150, what amount of office supplies was purchased during February? Multiple Choice $550 $1,750 $1,050 O $450 $1,500

Solution

Sanchez Accounting Services Office Supplies Particular Amount Particular Amount To Balance b/d $         1,050.00 By Supplies Expenses $ 1,150.00 To Bank(Purchase) $            550.00 By Balance C/d $     450.00 Ans $550