Answer:
2,800 units
Explanation:
The computation of the ending work in progress units is shown below:
= Beginning inventory units + units started - transferred units to the second processing department
= 2,100 units + 8,500 units - 7,800 units
= 2,800 units
All other information which is given in the question is not relevant. Hence, ignored it
If you are looking for the adjusting entry at the end of the year, it would be:
Office Supplies Expense 5000 Office Supplies 5000
The amount to be recorded is 5000 because:
Beginning supplies is $240
Then there is an additional supplies $5,200
So there is a total of 5,440 supplies.
But the ending inventory is $440.
Deduct the $440 from the $5440 which will give us $5,000. This is to make sure that the amount in the journal entry at the end of the year will be same with the physical count of the supplies.
Answer:
$365.93
Explanation:
The computation of the checkbook balance is shown below:
= Balance of bank statement - first outstanding check amount - second outstanding check amount
= $414.25 - $26.54 - $21.78
= $365.93
In order to determine the check book balance, we deducted the two outstanding checks from the bank statement balance
