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Homework answers / question archive / At March 1, 2014, Candy Inc

At March 1, 2014, Candy Inc

Management

At March 1, 2014, Candy Inc. had supplies on hand of $8,300. During the month, Candy purchased supplies of $4,600 and used supplies of $1,200. The March 31 balance sheet should report what balance in the supplies account?

$11,700

$7,100

$3,400

$12,900

 

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