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Business, 08.07.2021 15:50 slicknikk

Knoll Company started Year 2 with a $1,000 balance in its Cash account, a $200 balance in its Supplies account and a $1,200 balance in its common stock account. During Year 2, the company experienced the following events:. (1) Paid $600 cash to purchase supplies.
(2) Physical count revealed $50 of supplies on hand at the end of Year 2. Based on this information the amount of supplies expense reported on the Year 2 income statement is:.

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Knoll Company started Year 2 with a $1,000 balance in its Cash account, a $200 balance in its Suppli...
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