Answer:
$500
Explanation:
Since adjusted trial balance is often prepared at the end of an accounting period in which based on the information given the supplies in inventory is on the last day of the accounting period in which only the amount of $500 of supplies was remaining in the supply cabinet, therefore the amount to be
reported in the SUPPLIES ACCOUNT in the Adjusted Trial Balance section of the worksheet
prepared on December 31 will be $500 of supplies remaining in the supply cabinet.
Answer:
Police Officers and Firefighters
Answer: Business ethics
Explanation:
Business ethics is described as how an organization carries our it's business, which anyone doing business with them would have to consider and work with it.
Various organization have their rules as to how they carry out their business operations, most reflect theirs by you taking up their registration process then you would be issues their terms and conditions with payment pattern inclusive.
The value of a bank's assets is than its liabilities, the bank is said to be <u>solvent</u>
<h3>What is assets?</h3>
Any resource that a company, an organization, or an economic body owns or controls is considered an asset. It encompasses everything that has the potential to generate gains in the economy. When turned into money, assets indicate the worth of ownership.
<h3>What do you mean by solvent in accounting?</h3>
A company's capacity to fulfill its short-term and long-term financial commitments is known as its solvency. One indicator of a company's financial health is its level of solvency, which reveals whether it will be able to continue running its business into the near future. Ratio analysis is a tool investors can use to assess a company's solvency.
To know more about solvent in accounting visit:
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Answer:
option d) debit to Bad Debt Expense for $7,200
Explanation:
Data provided :
Total estimated uncollectible receivables of the company = $ 7,900
credit balance for the allowance for doubtful accounts = $ 700
Therefore,
the net bad debt expenses of the company = $ 7,900 - $ 700 = $ 7,200
Hence,
the<u> correct answer is </u><u>option d) debit to Bad Debt Expense for $7,200</u>
