Place Corp purchased supplies at a cost of $12,000 during the year. At January 1, supplies on hand were $2,000 . At December 31, supplies on hand are $1,000 . Determine the amount of supplies expense for the year
a. $ 10,000
b. $ 12,000
c. $ 13,000
d. $ 14,000
c
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What will be an ideal response?
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