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The asset account Office Supplies has a balance of $870 at...

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Accounting

The asset account Office Supplies has a balance of $870 at the beginning of the year. The amount on hand at the end of the year is $640. The company has calculated the Supplies Expense for the year to be $4,900. Based on this information, what amount of office supplies was purchased during the year?

$5,540

$0

$4,260

$4,670

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