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
Lemur [1.5K]
3 years ago
9

The adjusting entry to account for use of supplies consists of a: Multiple Choice debit to Supplies Expense and a credit to Supp

lies. debit to Supplies and a credit to Supplies Expense. debit to Supplies and a credit to Accumulated Depreciation. debit to Accumulated Depreciation and a credit to Supplies.
Business
1 answer:
barxatty [35]3 years ago
3 0

Answer:

debit to Supplies Expense and a credit to Supplies

Explanation:

The adjusting entry to use the supplies is shown below:

Supplies expense Dr XXXXX

           To Supplies XXXXX

(Being the supplies is adjusted)

For recording the adjusting journal entry, we debited the supplies expense and credited the supplies so that the proper posting could be done

Hence, the first option is correct

You might be interested in
(100 POINTS ANd BRAINLYEST)<br> Question 4 Only
dsp73

Answer:

for me it is d and i got it correct

Explanation:

5 0
3 years ago
Read 2 more answers
Which aspect of zipcar's strategy makes it a practitioner of conscious marketing?
Arada [10]
It was known as the Zipcar concept.  Using the social media platform, the business was directly linked to the market. It made them get the edge they wanted to be more popular as their customers get to engage themselves they are already attracting potential clients. Being more popular also equates to added value in the market. 
7 0
3 years ago
Read 2 more answers
A stock paying $5 in annual dividends currently sells for $80 and has an expected return of 14%. What might investors expect to
Drupady [299]

Answer:

$86.20

Explanation:

Total return from stock = Current price * expected return

Total return from stock = 80*14%

Total return from stock = $11.20

Dividend already realized = $5

Capital gain = $11.20 - $5

Capital gain = $6.20

End of one year price = Beginning price + capital gain

End of one year price = $80 + $6.20

End of one year price = $86.20

Therefore, at the end of one year price is $86.20

5 0
3 years ago
The rental income generated by a lease can depend significantly on the proportion of property-level operating expenses paid by t
yanalaym [24]

Answer:

4) Triple net lease

Explanation:

In a triple net lease (NNN lease), the tenant is responsible for all the expenses related to the leased property including property taxes, maintenance fees, reparations and property insurance. NNN leases are usually commercial leases only.

The landlord's disadvantage with a NNN lease is that the monthly lease payment tends to be lower since the tenant assumes all the costs related to the leased property. On the other hand, a NNN lease generally provides a stable cash flow, so its associated risk is lower.

4 0
4 years ago
Accounts receivable from sales transactions were $45,427 at the beginning of the year and $61,370 at the end of the year. Net in
ZanzabumX [31]

Answer:

The cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be $108,099

Explanation:

Cash Flow from Operating Activities adjusts the Net Income for the Year with (1) Non-Cash Items, (2) Items Appearing Elsewhere (3) Changes in Working Capital.

From the given data Net Cash flow from Operating Activities is Determined as follows:

<u>Cash flow from Operating Activities</u>

Net income                                                              $124,042

<em>Adjustment for Changes in Working Capital.</em>

Increase In Trade Receivables (61,370-45,427)    ($15,943)

Net Cash flow from Operating Activities              $108,099

6 0
4 years ago
Other questions:
  • If a document is View-Only, what must you do first before you
    12·1 answer
  • Working for a nonprofit company that lacks financial resources or working for a start-up company that lacks the infrastructure a
    5·1 answer
  • MC 07 Countries A, B, and C are at a particular... Countries A, B, and C are at a particular level of economic integration. All
    8·1 answer
  • Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pay
    9·2 answers
  • Kenisha decided to write her persuasive speech on "human cloning." she didn't feel comfortable using internet sources and so rel
    13·1 answer
  • Which of the following options correctly completes the sentence?
    9·1 answer
  • Which one of the following statements is False? a. The depreciation tax shield is the cash tax savings the firm receives from it
    12·1 answer
  • In general, if a consumer good is produced domestically and consumed domestically, an increase in its price will have which of t
    11·1 answer
  • Guay Corp., a start-up company, provided services that were acceptable to its customers and billed those customers for $400,000
    15·1 answer
  • check my workcheck my work button is now enableditem 1 north trails cinema, incorporated, operates movies and food concession co
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!