Werner Company had $1,300 of store supplies at the beginning of the current year. During this year, Werner purchased $6,250 worth of store supplies. On December 31, $1,125 worth of store supplies remained. Calculate the amount of Werner Company's store supplies expense for the current year.
What will be an ideal response?
Beginning balance + Purchases ? Ending balance = Supplies expense
$1,300 + $6,250 ? $1,125 = $6,425
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