The asset account, office supplies, had a beginning balance of $ 4 comma 000. during the accounting period, office supplies were purchased, on account, for $ 2 comma 500. supplies expense for the accounting period is $ 4 comma 600. what is the ending balance of office supplies?

The ending balance of Office Supplies is $1,900

Explanation:

The ending balance of Office Supplies = the beginning balance + the purchasing amount - the supplies expense

= $4,000 + $2,500 - $4,600

=$1,900

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

answer; /// that is so (false);