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Compute the supplies expense in the income statement

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Question - Martel Co. had supplies of $24,000 and $33,000 at the end of 2020 and 2021, respectively. During 2021, Howard purchased $128,000 in supplies on credit. Howard paid suppliers in full for its balance owed of $128,000. Compute the supplies expense in the 2021 income statement?

a. $110,000

b. $128,000

c. $119,000

d. $137,000

Reference no: EM132744138

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