1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
3 years ago
10

Prior to recording adjusting entries, the Office Supplies account had a $379 debit balance. A physical count of the supplies sho

wed $104 of unused supplies available. The required adjusting entry is:
Business
1 answer:
White raven [17]3 years ago
6 0

Answer:

Debit Supplies expenses for $275

Office supplies for $275

Explanation:

Before the adjusting entry, the following adjustment has to be made first:

Ending balance of supplies that has not been adjusted = $379

Physical ending balance = $104

Amount of used supplies during the period = $379 - $104 = $275

This $275 will be recorded as supplies expense. Therefore, the adjusting entry will be as follows:

<u>Particulars                                      Dr ($)                Cr ($)  </u>

Supplies expenses                        275

Office supplies                                                         275

<em><u>(To record the supplies expense for the period.)              </u></em>

The above entries will then reduce enduing balance of supplies from $379 to $104.

You might be interested in
Whistleblowing is term being used for making a disclosure that is in the public interest. It will usually occur when an employee
noname [10]
The answer would be True if it’s a true or false question
6 0
3 years ago
At a price of $60 per bathing suit, what is the quantity demanded of bathing suits?
timofeeve [1]

Answer:

Explanation:

I think your question is missed of key information, allow me to attach the photo question below.

The quantity demanded is 30 units when the price is 60, we use the reconciliation method on the demand line.

3 0
3 years ago
________ seeks to better run an organization using complete and accurate information and management processes or controls.
Paha777 [63]

Answer:

Governance

Explanation:

Governance is a systematic way of how power is exercised for effective management of state/country economy and social resources for development of the state. Governance involved establishing policies and complete monitoring of the policies by the government using all legal tools permitted by the constitution of the state/country to seek accurate information and management control of resources in other to deliver good governance for the betterment of the people.

8 0
3 years ago
Read 2 more answers
John's Locomotive Works manufactures a model locomotive. It comes in two versions: a standard (X1) and a deluxe (X2). The locomo
Law Incorporation [45]

Answer:

Explanation:

X1                    X2              Z

0                      0                0

16                     0                 4,000

0                      10                3,500

8                       6                 4,100

check the picture attached for more explanation

3 0
3 years ago
Melvin receives stock as a gift from his uncle. No gift tax is paid. The adjusted basis of the stock is $19,000 and the fair mar
NARA [144]

Answer:

a gain for 6,000 dollar will be recognized

the new bonds basis will be of 22,000

Explanation:

Total proceeds from the sale:

22,000 in bonds plus 3,000 cash for a total of 25,000

The basis of the bond gifted was 19,000

Therefore, there is a realzied gain on sale for the difference which is 6,000 dollars.

The new bonds are worth 22,000 therefore their basis will be of 2,,000 dollars

3 0
3 years ago
Read 2 more answers
Other questions:
  • 6. Goog company has an EBIT*(1-tax) of $9,737, a depreciation of $1,851, change of NOW of $381, and a capital expenditure of $3,
    15·1 answer
  • A dance studio and a dancewear manufacturer decide to combine. this type of merger is called a ________.
    9·1 answer
  • The board of directors of Benson Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15
    14·1 answer
  • Consider a process restringing tennis rackets. The process starts with a unit cost of $10 for the first unit—that is, c(1) = 10—
    11·1 answer
  • Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price f
    5·1 answer
  • A problem is listed below. Identify its type. Ted owns a small florist shop. Since his business is booming, his realizes he will
    9·1 answer
  • Which of the following statements is true? Increasing dividends will always increase the stock price. Increasing dividends will
    13·2 answers
  • Southeast Airlines had pretax earnings of $30 million, including a gain on disposal of a discontinued operation of $5 million. T
    5·1 answer
  • Here is My new Puppy!!!!
    14·2 answers
  • in following the best practices for capital budgeting analysis we always try to evaluate incremental:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!