The asset account Office Supplies has a balance of $2,000 at the beginning of the year. The amount on hand at the end of the year is $1,250. The company has calculated the Supplies Expense for the year to be $8,750. Based on this information, what amount of office supplies was purchased during the year?
A. $8,000
B. $7,500
C. $10,000
D. $0
Answer: A
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