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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.

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

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Bill Wessels has reviewed the strategic plan from corporate headquarters and is considering how to develop an annual business pl

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Answer:

Bill is probably a(n)

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Explanation:

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A higher price point should create value for the customer. The buyers need to know that they are paying for __________, or an un

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Answer:

Differentiation.

Explanation:

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Answer:

B. £0.2055/$

Explanation:

Given that

An Ounce of gold cost = $20.67 in US dollars

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Therefore,

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This means that 1 dollar is equivalent to 0.2055 British dollars at that time using that exchange rate.

£0.2055/$

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3 years ago

Windsor, Inc. uses a perpetual inventory system and reported $512,000 of inventory at the beginning of the month based on a phys

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Answer:

--Correct Answer = $ 2,000

Explanation:

the step by step Workings can be seen below

Beginning Inventory $512,000

Add: Purchases $53,000

Less: Cost of goods Sold $48,000

Ending Inventory as per perpetual method $517,000

Less: Ending Inventory as per physical count $515,000

Shrinkage amount $2,000

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